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

Petróleo Brasileiro S.A. - Petrobras logo
$14.79 -0.11 (-0.74%)
(As of 11/25/2024 ET)
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Petróleo Brasileiro S.A. - Petrobras - Analysts' Recommendations and Stock Price Forecast (2024)

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
23.35% 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 23.35% from the current price of $14.79.
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PBR Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24		1 Month Ago
10/27/23 to 10/26/24		3 Months Ago
8/28/23 to 8/27/24		1 Year Ago
11/26/22 to 11/26/23
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)
6 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$18.20$17.63$15.34
Forecasted Upside23.35% Upside31.98% Upside13.95% Upside0.05% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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

TypePetróleo Brasileiro S.A. - PetrobrasOils/Energy CompaniesS&P 500
Consensus Rating Score
2.63
2.63
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside23.35% Upside1,546.28% Upside6.38% Upside
News Sentiment Rating
Neutral News

See Recent PBR News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/12/2024The Goldman Sachs Group
2 of 5 stars		 Boost TargetBuy ➝ Buy$15.40 ➝ $17.00+24.09%
10/21/2024Hsbc Global Res
0 of 5 stars		L. Yang
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeStrong-Buy ➝ Hold
10/21/2024HSBC
2 of 5 stars		 DowngradeBuy ➝ Hold
9/25/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Overweight$16.50 ➝ $19.00+28.03%
8/26/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$18.00 ➝ $20.00+38.89%
8/19/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$19.40 ➝ $18.10+19.08%
6/27/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$16.80 ➝ $17.90+26.06%
5/15/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold$21.20 ➝ $17.70+6.05%
9/8/2023Bradesco Corretora
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$15.00+1.35%
8/10/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ 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 Monday at 07:43 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 Saturday, November 23, 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

green Wall Street bull icon

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

  • The company recently announced a significant increase in its variable dividend, raising it from $0.03 to $0.165 per share, which translates to a substantial dividend yield of 15.4%. This indicates a strong commitment to returning value to shareholders.
  • Petróleo Brasileiro S.A. - Petrobras has a low price-to-earnings (PE) ratio of 5.34, suggesting that the stock may be undervalued compared to its earnings, potentially offering a good entry point for investors.
  • The company reported earnings per share (EPS) of $0.47 for the latest quarter, meeting analysts' expectations, which reflects stability in its financial performance.
  • With a market capitalization of $88.83 billion, Petróleo Brasileiro S.A. - Petrobras is a major player in the oil and gas sector, providing investors with exposure to a key industry.
  • Analysts have a consensus rating of "Moderate Buy" for the stock, with a price target of $18.20, indicating potential for price appreciation from the current trading level of $13.78.

Petróleo Brasileiro S.A. - Petrobras
Bear Case

red Wall Street bear icon

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

  • The company has faced recent downgrades from several analysts, including HSBC and UBS Group, which may indicate concerns about its future performance and market conditions.
  • Despite a strong dividend yield, the company's dividend payout ratio is around 33.59%, which, while sustainable, may limit future increases in dividends if earnings do not grow significantly.
  • Petróleo Brasileiro S.A. - Petrobras has a beta of 1.39, suggesting that its stock is more volatile than the market, which could lead to higher risk for investors.
  • The company reported revenue of $23.47 billion for the latest quarter, which fell short of analyst estimates of $24.22 billion, indicating potential challenges in meeting growth expectations.
  • With a current ratio of 0.90 and a quick ratio of 0.67, the company may face liquidity challenges, which could impact its ability to meet short-term obligations.

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 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 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 23.35% 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 11/25/2024 by MarketBeat.com Staff
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