A share price of Imperial Oil Ltd. [IMO] is currently trading at $75.12, up 3.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IMO shares have gain 10.93% over the last week, with a monthly amount glided 6.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Neutral on December 08, 2023. On November 08, 2023, downgrade downgraded it’s rating to Neutral. UBS started tracking the stock assigning a Buy rating. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $78 on April 12, 2023. Scotiabank upgraded its rating to Sector Outperform for this stock on March 21, 2023. In a note dated December 05, 2022, JP Morgan downgraded an Underweight rating on this stock.
Imperial Oil Ltd. experienced fluctuations in its stock price throughout the past year between $52.97 and $74.58. Currently, Wall Street analysts expect the stock to reach $44.99 within the next 12 months. Imperial Oil Ltd. [AMEX: IMO] shares were valued at $75.12 at the most recent close of the market. An investor can expect a potential drop of -40.11% based on the average IMO price forecast.
Analyzing the IMO fundamentals
Trailing Twelve Months sales for Imperial Oil Ltd. [AMEX:IMO] were 36.87B which represents 11.57% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -192.94, Equity is 0.33 and Total Capital is 147.56.
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 73.42 points at the first support level, and at 71.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.15, and for the 2nd resistance point, it is at 77.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Imperial Oil Ltd. [AMEX:IMO] is 1.40. Also, the Quick Ratio is 1.03, while the Cash Ratio stands at -16.8. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 10.66.
