At the time of writing, Petroleo Brasileiro S.A. Petrobras ADR [PBR] stock is trading at $16.47, up 5.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PBR shares have gain 4.77% over the last week, with a monthly amount glided 10.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] stock has seen the most recent analyst activity on March 25, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $18 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on March 11, 2024, and dropped its price target to $18. On March 08, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $16 on the stock. HSBC Securities upgraded its rating to a Buy. Jefferies initiated its recommendation with a Buy and recommended $21.20 as its price target on September 21, 2023. UBS upgraded its rating to Buy for this stock on August 24, 2023. In a note dated August 23, 2023, BofA Securities upgraded an Buy rating on this stock.
For the past year, the stock price of Petroleo Brasileiro S.A. Petrobras ADR fluctuated between $9.30 and $17.91. Currently, Wall Street analysts expect the stock to reach $15.7 within the next 12 months. Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] shares were valued at $16.47 at the most recent close of the market. An investor can expect a potential drop of -4.68% based on the average PBR price forecast.
Analyzing the PBR fundamentals
According to Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR], the company’s sales were 102.44B for trailing twelve months, which represents an -10.21% plunge. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.32 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.90 points at the first support level, and at 15.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.78, and for the 2nd resistance point, it is at 17.09.
Ratios To Look Out For
It is important to note that Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] has a current ratio of 0.96. Also, the Quick Ratio is 0.73, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 0.60, the price to book ratio is 1.36 and price to earnings (TTM) ratio is 4.31.
