BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down – Time to Sell?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) shares gapped down prior to trading on Monday . The stock had previously closed at $7.29, but opened at $6.95. BB Seguridade Participacoes shares last traded at $6.94, with a volume of 4,960 shares changing hands.

Analysts Set New Price Targets

BBSEY has been the topic of a number of recent analyst reports. Zacks Research upgraded BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Itau BBA Securities cut BB Seguridade Participacoes to an “underperform” rating in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group cut BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BB Seguridade Participacoes currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Down 2.0%

The stock’s 50-day simple moving average is $7.00 and its 200 day simple moving average is $6.84. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 8.00 and a beta of 0.37.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its earnings results on Monday, May 4th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. The company had revenue of $471.89 million for the quarter, compared to analysts’ expectations of $529.60 million. On average, sell-side analysts expect that BB Seguridade Participacoes SA will post 0.87 EPS for the current fiscal year.

About BB Seguridade Participacoes

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).