Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Up – Should You Buy?

Banco Do Brasil SA (OTCMKTS:BDORY) shares gapped up before the market opened on Friday . The stock had previously closed at $4.91, but opened at $5.12. Banco Do Brasil shares last traded at $5.0850, with a volume of 2,560 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on BDORY shares. Zacks Research raised Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Citigroup cut shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Banco Do Brasil Price Performance

The company’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.15. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market cap of $29.80 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.36 and a beta of 0.39.

Banco Do Brasil (OTCMKTS:BDORY) last announced its earnings results on Wednesday, February 11th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.21%. On average, equities research analysts predict that Banco Do Brasil SA will post 1.08 earnings per share for the current fiscal year.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.