Petróleo Brasileiro S.A. - Petrobras (PBR) Stock Forecast & Price Target

$13.04 +0.09 (+0.69%)

(As of 12/20/2024 05:45 PM ET)

Petróleo Brasileiro S.A. - Petrobras - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
3

Buy
5

Based on 8 Wall Street analysts who have issued ratings for Petróleo Brasileiro S.A. - Petrobras in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 3 have given a hold rating, and 5 have given a buy rating for PBR.

Consensus Price Target

$18.24
39.90% Upside

According to the 8 analysts' twelve-month price targets for Petróleo Brasileiro S.A. - Petrobras, the average price target is $18.24. The highest price target for PBR is $20.00, while the lowest price target for PBR is $17.00. The average price target represents a forecasted upside of 39.90% from the current price of $13.04.

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PBR Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$18.24	$18.24	$18.07	$15.96
Forecasted Upside	39.90% Upside	28.79% Upside	25.46% Upside	1.09% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PBR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PBR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Petróleo Brasileiro S.A. - Petrobras Stock vs. The Competition

Type	Petróleo Brasileiro S.A. - Petrobras	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.63	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	39.90% Upside	1,671.86% Upside	14.54% Upside
News Sentiment Rating	Neutral News See Recent PBR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/12/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$15.40 ➝ $17.00	+24.09%
10/21/2024	Hsbc Global Res 0 of 5 stars	L. Yang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/21/2024	HSBC 3 of 5 stars		Downgrade	Buy ➝ Hold
9/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$16.50 ➝ $19.00	+28.03%
8/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$18.00 ➝ $20.00	+38.89%
8/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$19.40 ➝ $18.10	+19.08%
Get the Latest News and Ratings for PBR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Petróleo Brasileiro S.A. - Petrobras and its competitors with MarketBeat's FREE daily newsletter.
6/27/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$16.80 ➝ $17.90	+26.06%
5/15/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$21.20 ➝ $17.70	+6.05%
9/8/2023	Bradesco Corretora Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$15.00	+1.35%
8/10/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$19.00 ➝ $14.00	+2.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:08 PM ET.

Should I Buy Petróleo Brasileiro S.A. - Petrobras Stock? PBR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these Petróleo Brasileiro S.A. - Petrobras pros and cons to contact@marketbeat.com.

Petróleo Brasileiro S.A. - Petrobras
Bull Case

Here are some ways that investors could benefit from investing in Petróleo Brasileiro S.A. - Petrobras:

The stock is currently priced at $14.11, which is relatively low compared to its 12-month high of $17.91, suggesting potential for price appreciation.
Petróleo Brasileiro S.A. - Petrobras recently increased its variable dividend to $0.227, representing a yield of 16.3%, which can provide a strong income stream for investors.
Analysts have a consensus rating of "Moderate Buy" with an average target price of $18.24, indicating positive sentiment and potential for growth.
The company has a manageable debt-to-equity ratio of 0.65, suggesting a balanced approach to leveraging, which can be a sign of financial stability.
Recent institutional investments, including a significant purchase by GSA Capital Partners LLP, indicate growing confidence in the company's future performance.

Petróleo Brasileiro S.A. - Petrobras
Bear Case

Investors should be bearish about investing in Petróleo Brasileiro S.A. - Petrobras for these reasons:

UBS Group recently lowered their price target from $19.40 to $18.10, which may reflect concerns about the company's short-term performance.
HSBC downgraded the stock from a "buy" to a "hold" rating, indicating a lack of confidence in its immediate growth prospects.
The stock has experienced volatility, with a significant trading volume of 14,584,013 shares recently, which can indicate uncertainty among investors.
The company's current ratio of 0.94 suggests that it may struggle to cover its short-term liabilities, which could pose a risk in times of financial stress.
Despite the recent dividend increase, the payout ratio of 33.59% indicates that a significant portion of earnings is being distributed, which may limit reinvestment in growth opportunities.

PBR Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Petróleo Brasileiro S.A. - Petrobras is $18.24, with a high forecast of $20.00 and a low forecast of $17.00.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PBR shares.
: According to analysts, Petróleo Brasileiro S.A. - Petrobras's stock has a predicted upside of 39.90% based on their 12-month stock forecasts.
: Over the previous 90 days, Petróleo Brasileiro S.A. - Petrobras's stock had 2 downgrades and 1 upgrade by analysts.
: Petróleo Brasileiro S.A. - Petrobras has been rated by research analysts at Hsbc Global Res, HSBC, JPMorgan Chase & Co., and The Goldman Sachs Group in the past 90 days.
: Analysts like Petróleo Brasileiro S.A. - Petrobras less than other "oils/energy" companies. The consensus rating score for Petróleo Brasileiro S.A. - Petrobras is 2.63 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how PBR compares to other companies.

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This page (NYSE:PBR) was last updated on 12/21/2024 by MarketBeat.com Staff

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Petróleo Brasileiro S.A. - Petrobras (PBR) Stock Forecast & Price Target