Petroleo Brasileiro S.A. Petrobras ADR [PBR] stock is trading at $13.24, up 2.95%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PBR shares have gain 3.47% over the last week, with a monthly amount drifted -4.65%, and not seem to be holding up well over a long-time horizon.
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.
Petroleo Brasileiro S.A. Petrobras ADR [PBR] stock has fluctuated between $12.54 and $17.10 over the past year. Currently, Wall Street analysts expect the stock to reach $16.5 within the next 12 months. Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] shares were valued at $13.24 at the most recent close of the market. An investor can expect a potential return of 24.62% based on the average PBR price forecast.
Analyzing the PBR fundamentals
Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] reported sales of 97.68B for the trailing twelve months, which represents a drop of -8.60%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.23%, 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 0.2. 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 12.93 points at the first support level, and at 12.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.40, and for the 2nd resistance point, it is at 13.56.
Ratios To Look Out For
For context, Petroleo Brasileiro S.A. Petrobras ADR’s Current Ratio is 0.94. Also, the Quick Ratio is 0.71, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 5.21.
