A share price of Petroleo Brasileiro S.A. Petrobras ADR [PBR] is currently trading at $15.47, down -1.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The PBR shares have gain 4.28% over the last week, with a monthly amount glided 10.24%, 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 August 26, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $20 from $18. Previously, BofA Securities upgraded its rating to Buy on June 27, 2024. On May 15, 2024, downgrade downgraded it’s rating to Hold. HSBC Securities upgraded its rating to a Buy but stick to its price target of $18 on March 25, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $18 on March 11, 2024. BofA Securities downgraded its rating to Neutral for this stock on March 08, 2024, but kept the price target unchanged to $16. In a note dated October 13, 2023, HSBC Securities upgraded an Buy rating on this stock.
Petroleo Brasileiro S.A. Petrobras ADR experienced fluctuations in its stock price throughout the past year between $12.77 and $17.40. Currently, Wall Street analysts expect the stock to reach $16.47 within the next 12 months. Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] shares were valued at $15.47 at the most recent close of the market. An investor can expect a potential return of 6.46% 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 99.88B which represents 1.99% growth. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.21 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 15.36 points at the first support level, and at 15.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.60, and for the 2nd resistance point, it is at 15.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] is 0.90. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.58, the price to book ratio is 1.48 and price to earnings (TTM) ratio is 6.27.
