At the time of writing, Petroleo Brasileiro S.A. Petrobras ADR [PBR] stock is trading at $15.23, down -0.33%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PBR shares have gain 5.76% over the last week, with a monthly amount glided 10.16%, 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.
For the past year, the stock price of Petroleo Brasileiro S.A. Petrobras ADR fluctuated 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 $15.23 at the most recent close of the market. An investor can expect a potential return of 8.14% 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 99.88B for trailing twelve months, which represents an 1.99% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
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 15.04 points at the first support level, and at 14.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.38, and for the 2nd resistance point, it is at 15.52.
Ratios To Look Out For
It is important to note that Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] has a current ratio of 0.90. Further, the Quick Ratio stands at 0.67, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 6.18.
