Stock to Track: Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) received “Upgrade” rating by Credit Suisse in a research note issued to investors on Mar-22-17 from Neutral to Outperform.

Additionally on Sep-21-16 the stock was “Upgraded” by Raymond James from Underperform to Mkt Perform and on Sep-15-16 the stock was “Upgraded” by Macquarie from Underperform to Neutral. Furthermore on Sep-13-16 the stock was “Downgraded” by Tudor Pickering from Buy to Hold.

On the other hand the company has Relative Strength Index (RSI 14) of 41.56 along with Average True Range (ATR 14) of 0.32, Consequently Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s weekly and monthly volatility is 3.21%, 3.29% respectively. The company’s beta value is at 2.38.

In terms of Buy, Sell or Hold recommendations, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has an analyst’s mean recommendation of 2.60. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) shares traded 1.91% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $11.67 within the next 52-weeks. The mean target projections are based on 15 opinions, the mean target was last revised on 04/05/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $14.50 and with a conservative view have low price target of $5.10 with a standard deviation of $1.88. If seeing target price from optimistic overview then it has a 67 percent upside potential from the latest closing price of $9.26.

While considering growth estimates of the company, it has next quarter growth estimates of 600.00% whereas during current quarter it has 375.00% estimations over growth, comparing to the estimations of -37.50% during current year and 43.10% for next year. Past 5 years growth of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) observed at -36.55%, looking forward for the next 5 years it has a strong prediction of -27.10% over growth.

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s revenue estimates for the current quarter are $26.63B according to 3 number of analysts, for the current quarter the company has high revenue estimates of $29.58B in contradiction of low revenue estimates of $21.29B. For the current year the company’s revenue estimates are $99.24B compared to low analyst estimates of $85.15B and high estimates of $139.19B according 8 number of analysts.

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s trailing twelve month revenues are $89.89B, whereas its price to sales ratio for the same period is 0.67. Its book value per share for the most recent quarter is $12.20 while its price to book ratio for the same period is 0.76, as for as the company’s cash per share for the most recent quarter is $3.53, however its price to cash per share ratio for the same period is 2.62.

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