Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] traded at a high on Friday, posting a 0.55 gain after which it closed the day’ session at $14.73.
The results of the trading session contributed to over 24500201 shares changing hands. Over the past one week, the price volatility of Petroleo Brasileiro S.A. Petrobras ADR stands at 1.97% while the volatility over the past one month is 2.06%.
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The market cap for PBR stock reached $54.81 billion, with 3.72 billion shares outstanding and 3.72 billion shares in the current float. Compared to the average trading volume of 20.18M shares, PBR reached a trading volume of 24500201 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Petroleo Brasileiro S.A. Petrobras ADR [PBR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PBR shares is $18.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PBR stock is a recommendation set at 2.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Petroleo Brasileiro S.A. Petrobras ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 27, 2024. The new note on the price target was released on May 15, 2024, representing the official price target for Petroleo Brasileiro S.A. Petrobras ADR stock. Previously, the target price had yet another raise to $18, while HSBC Securities analysts kept a Buy rating on PBR stock. On March 11, 2024, analysts decreased their price target for PBR shares from 20 to 18.
The Average True Range (ATR) for Petroleo Brasileiro S.A. Petrobras ADR is set at 0.33, with the Price to Sales ratio for PBR stock in the period of the last 12 months amounting to 0.55. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 4.39. Price to Free Cash Flow for PBR in the course of the last twelve months was 1.97 with Quick ratio for the last quarter at 0.81.
How has PBR stock performed recently?
Petroleo Brasileiro S.A. Petrobras ADR [PBR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.66. With this latest performance, PBR shares dropped by -1.28% in over the last four-week period, additionally sinking by -9.42% over the last 6 months – not to mention a rise of 13.08% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBR stock in for the last two-week period is set at 54.36, with the RSI for the last a single of trading hit 61.45, and the three-weeks RSI is set at 48.18 for Petroleo Brasileiro S.A. Petrobras ADR [PBR]. The present Moving Average for the last 50 days of trading for this stock 15.37, while it was recorded at 14.58 for the last single week of trading, and 15.65 for the last 200 days.
Petroleo Brasileiro S.A. Petrobras ADR [PBR]: Deeper insight into the fundamentals
Petroleo Brasileiro S.A. Petrobras ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 1.08.
Earnings analysis for Petroleo Brasileiro S.A. Petrobras ADR [PBR]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PBR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Petroleo Brasileiro S.A. Petrobras ADR go to -8.80%.
Insider trade positions for Petroleo Brasileiro S.A. Petrobras ADR [PBR]
The top three institutional holders of PBR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PBR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PBR stock with ownership which is approximately 5.1238%.
