On 3/8/24, Petroleo Brasileiro SA Petrobras (NYSE: PBR) stock suffered a major decline of -11.5%, closing at $14.78. Moreover, trading volume in this decline was exceptionally high at 589% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.5% during the last week.
Current PriceTarget Research Rating
PBR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Petroleo Brasileiro S.A.- Petrob has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Petroleo Brasileiro S.A.- Petrob has a good Power Rating of 80 and a very high Appreciation Score of 92, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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