Stock market analysts and brokers have recently amended their target prices on shares of Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR).
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While “excitement” may continue on the back of positive news flow, Credit Suisse does not see a compelling risk and return ratio that could offer a considerable margin of safety. They expect $0.43 earnings per share, up 338.89% or $0.61 from last year’s $-0.18 per share.
05/24/2016 – Petroleo Brasileiro S.A. – Petrobras was upgraded to “neutral” by analysts at JP Morgan.
08/12/2016 – Petroleo Brasileiro S.A. – Petrobras had its “overweight” rating reiterated by analysts at Morgan Stanley. The stock’s market capitalization is $59.74 billion. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s price to sales ratio for trailing twelve month stands at 0.58, whereas its price to book ratio for most recent quarter sits at 0.71.
Petroleo Brasileiro S.A. – Petrobras’s (PBR-A) made a return of 11.08%% in one month through last close, displaying a 67.47% return during the past three months.
Some buy side analysts are also providing their Analysis on Petroleo Brasileiro S.A. – Petrobras, where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 6 said it’s a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell. It touched its peak point at $18.21 and its lowest price point stood at $17.92 in last session after starting the trading at $. “0” brokerage firms have suggested “Sell” for the company. A high debt load with a weak crude environment isn’t a combination most companies would like.
05/19/2016 – Petroleo Brasileiro S.A. – Petrobras was downgraded to “underperform” by analysts at Raymond James.
During the past year Petroleo Brasileiro Sa’s shares have increased by 80.91% from 5.08 to 9.19.
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Petroleo Brasileiro Sa (NYSE:PBR) had its price target raised to $9 by Credit Suisse in a report released 8/26/2016. The stock’s weekly volatility was 2.94% and the RSI amounts to 44.82. Barclays PLC reaffirmed an “underweight” rating and set a $9.00 price objective on shares of Petroleo Brasileiro SA – Petrobras in a research report on Monday, August 15th. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and worldwide segments. According to this price target, it now means the analyst believes there is a potential decrease of -6.42% from the company’s current share price of 9.19. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.
