Currently, Petroleo Brasileiro S.A. Petrobras ADR [PBR] is trading at $14.11, up 0.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The PBR shares have gain 3.14% over the last week, with a monthly amount drifted -1.33%, 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 October 21, 2024, when HSBC Securities downgraded its rating to a Hold. Previously, JP Morgan upgraded its rating to Overweight on September 25, 2024, and elevated its price target to $19. On August 26, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $20 on the stock. BofA Securities upgraded its rating to a Buy. Jefferies downgraded its rating to a Hold. HSBC Securities upgraded its rating to Buy for this stock on March 25, 2024, but kept the price target unchanged to $18. In a note dated March 11, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $20 to $18.
This stock has fluctuated between a low of $12.77 and a high of $17.40 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $16.3 within the next 12 months. Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] shares were valued at $14.11 at the most recent close of the market. An investor can expect a potential return of 15.52% 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 97.68B which represents -8.60% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.22 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
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 14.01 points at the first support level, and at 13.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.24, and for the 2nd resistance point, it is at 14.36.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] is 0.94. On the other hand, the Quick Ratio is 0.71, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.54, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 5.55.
