Petroleo Brasileiro S.A. Petrobras ADR [PBR] stock prices are saw in change for the day to $14.85 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PBR shares have gain 1.85% over the last week, with a monthly amount drifted -5.11%, 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 September 25, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $19 from $16.50. Previously, Morgan Stanley upgraded its rating to Overweight on August 26, 2024, and elevated its price target to $20. On June 27, 2024, upgrade upgraded it’s rating to Buy. Jefferies downgraded its rating to a Hold. HSBC Securities upgraded its rating to a Buy but $18 remained the price target by the analyst firm on March 25, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on March 11, 2024, and downed its price target to $18. In a note dated March 08, 2024, BofA Securities downgraded an Neutral rating on this stock but restated the target price of $16.
The stock price of Petroleo Brasileiro S.A. Petrobras ADR [PBR] has been fluctuating between $12.77 and $17.40 over the past year. 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 $14.85 at the most recent close of the market. An investor can expect a potential return of 10.91% based on the average PBR price forecast.
Analyzing the PBR fundamentals
The Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] reported sales of 99.88B for trailing twelve months, representing a surge of 1.99%. 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 14.77 points at the first support level, and at 14.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.99, and for the 2nd resistance point, it is at 15.12.
Ratios To Look Out For
It’s worth pointing out that Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR]’s Current Ratio 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 0.55, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 6.02.
