BB Seguridade Participacoes (OTCMKTS:BBSEY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) saw an uptick in trading volume on Tuesday . 178,030 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 123,570 shares.The stock last traded at $7.18 and had previously closed at $7.17.

Analysts Set New Price Targets

Several research firms recently issued reports on BBSEY. Itau BBA Securities downgraded BB Seguridade Participacoes to an “underperform” rating in a research note on Wednesday, April 15th. Zacks Research upgraded BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

BB Seguridade Participacoes Trading Down 1.9%

The company has a 50 day moving average of $6.91 and a 200-day moving average of $6.65. The firm has a market capitalization of $13.38 billion, a P/E ratio of 8.30 and a beta of 0.39.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $486.61 million during the quarter, compared to analysts’ expectations of $509.09 million. BB Seguridade Participacoes had a return on equity of 80.16% and a net margin of 87.29%. As a group, sell-side analysts forecast that BB Seguridade Participacoes SA will post 0.86 EPS for the current fiscal year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).