Currently, Petroleo Brasileiro S.A. Petrobras ADR [PBR] is trading at $13.76, up 3.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The PBR shares have lost -2.13% over the last week, with a monthly amount drifted -9.05%, and not 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 June 27, 2024, when BofA Securities upgraded its rating to a Buy. Previously, Jefferies downgraded its rating to Hold on May 15, 2024. On March 25, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $18 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $18 on March 11, 2024. BofA Securities downgraded its rating to a Neutral but $16 remained the price target by the analyst firm on March 08, 2024. HSBC Securities upgraded its rating to Buy for this stock on October 13, 2023. In a note dated September 21, 2023, Jefferies initiated an Buy rating and provided a target price of $21.20 on this stock.
This stock has fluctuated between a low of $12.34 and a high of $17.57 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $15.76 within the next 12 months. Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] shares were valued at $13.76 at the most recent close of the market. An investor can expect a potential return of 14.53% based on the average PBR price forecast.
Analyzing the PBR fundamentals
Trailing Twelve Months sales for Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] were 99.43B which represents -11.24% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.28 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 13.46 points at the first support level, and at 13.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.02, and for the 2nd resistance point, it is at 14.29.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] is 1.08. On the other hand, the Quick Ratio is 0.81, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 4.01.
