While Petroleo Brasileiro S.A. Petrobras ADR has overperformed by 1.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PBR fell by -0.96%, with highs and lows ranging from $17.42 to $12.78, whereas the simple moving average fell by -2.75% in the last 200 days.
On October 21, 2024, HSBC Securities Downgraded Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) to Hold. A report published by JP Morgan on September 25, 2024, Upgraded its rating to ‘Overweight’ for PBR. Morgan Stanley also Upgraded PBR shares as ‘Overweight’, setting a target price of $20 on the company’s shares in a report dated August 26, 2024. Jefferies May 15, 2024d its ‘Buy’ rating to ‘Hold’ for PBR, as published in its report on May 15, 2024. HSBC Securities’s report from March 25, 2024 suggests a price prediction of $18 for PBR shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Petroleo Brasileiro S.A. Petrobras ADR (PBR)
It’s important to note that PBR shareholders are currently getting $1.43 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -8.60%, showing a negative trend in the upcoming months.
Petroleo Brasileiro S.A. Petrobras ADR’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 21.98% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.71, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and PBR is registering an average volume of 14.90M. On a monthly basis, the volatility of the stock is set at 2.14%, whereas on a weekly basis, it is put at 2.03%, with a gain of 1.20% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.41, showing growth from the present price of $14.33, which can serve as yet another indication of whether PBR is worth investing in or should be passed over.
How Do You Analyze Petroleo Brasileiro S.A. Petrobras ADR Shares?
A giant in the Oil & Gas Integrated market, Petroleo Brasileiro S.A. Petrobras ADR (PBR) is based in the Brazil. When comparing Petroleo Brasileiro S.A. Petrobras ADR shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.64, there is a growth in quarterly earnings of 8.87%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 19.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PBR shares are owned by institutional investors to the tune of 19.23% at present.
