Analysts Set $17.00 Price Target for Banco Bradesco S.A. (NYSE:BAK)

Shares of Banco Bradesco S.A. (NYSE:BAK) have received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a one year consensus price objective of $17.00 for the company and are anticipating that the company will post ($0.41) EPS for the current quarter, according to Zacks. Zacks has also assigned Banco Bradesco an industry rank of 84 out of 255 based on the ratings given to related companies.

Several research analysts recently issued reports on BAK shares. Zacks Investment Research lowered shares of Banco Bradesco from a “hold” rating to a “strong sell” rating in a research note on Monday, November 18th. ValuEngine raised shares of Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 1st.

Banco Bradesco stock traded up $0.05 on Friday, hitting $13.62. 129,851 shares of the stock traded hands, compared to its average volume of 285,676. Banco Bradesco has a 1 year low of $12.31 and a 1 year high of $30.38. The firm has a market capitalization of $5.26 billion, a P/E ratio of 6.92 and a beta of 1.04. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 4.65.

About Banco Bradesco

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through five segments: Chemicals, Polyolefins, United States and Europe, Mexico, Vinyls. The Chemicals segment produces and sells ethylene, propylene butadiene, toluene, xylene, cumene, and benzene, as well as gasoline, diesel and liquefied petroleum gas, and other petroleum derivatives; and supplies electric energy, steam, compressed air, and other inputs to second-generation producers.

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