Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Petroleo Brasileiro SA Petrobras (NYSE: PBR) weakened of late. PBR’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, Petroleo Brasileiro SA Petrobras (NYSE: PBR) stock rose slightly by 0.2%, closing at $14.21. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PBR is expected to continue to be a major Value Builder.
Petroleo Brasileiro S.A.- Petrob has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Petroleo Brasileiro S.A.- Petrob has a very high Appreciation Score of 93 but a poor Power Rating of 20, resulting in the High Neutral Value Trend Rating.
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