Petroleo Brasileiro Petrobras SA Rating Increased to Outperform at Zacks (PBR)
Petroleo Brasileiro Petrobras SA (NYSE:PBR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $17.60 target price on the stock. Zacks‘s target price points to a potential upside of 21.80% from the stock’s previous close.
Petroleo Brasileiro Petrobras SA (NYSE:PBR) traded up 0.28% during mid-day trading on Tuesday, hitting $14.49. The stock had a trading volume of 7,853,804 shares. Petroleo Brasileiro Petrobras SA has a one year low of $10.20 and a one year high of $17.97. The stock has a 50-day moving average of $14.89 and a 200-day moving average of $13.20. The company has a market cap of $94.507 billion and a P/E ratio of 9.82.
Petroleo Brasileiro Petrobras SA (NYSE:PBR) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.08. On average, analysts predict that Petroleo Brasileiro Petrobras SA will post $1.71 earnings per share for the current fiscal year.
Separately, analysts at Morgan Stanley downgraded shares of Petroleo Brasileiro Petrobras SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 25th. They now have a $16.00 price target on the stock, down previously from $17.00. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.40.
Petroleo Brasileiro SA Petrobras (NYSE:PBR) is a Brazil-based integrated oil and gas company.
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