A director at Petroleo Brasileiro S.A. Petrobras bought 4,670,000 shares at 38.936BRL and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over th...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We initiate coverage of Petroleos Brasileiros or Petrobras’ family of bonds with a Buy recommendation (ticker: PETBRA). While this might seem counter-intuitive on a relative value basis, considering that PETBRA bonds are trading tighter than higher-rated peer PEMEX, we base our recommendation on the trend. We expect Petrobras to continue to improve, strengthen its balance sheet further and carry on increasing production, which should be rewarded by investors with higher bond prices.
Petróleo Brasileiro SA, better known as Petrobras, is a semi-public Brazilian oil and gascompany created in 1953 and operating primarily in Brazil (Petrobras represents 79% ofBrazilian production). It ranks as number 53 in the global fortune 500 companies and isthe largest South American company. In 1997 the Brazilian government broke Petrobrasmonopoly on Brazil’s oil production by allowing foreign entities to enter the business.While the company gained international admiration by being a hirer ...
In this report, we recommend reducing positions on Mexican sovereign, quasi-sovereign, and corporate credits and shifting towards Brazil, as it appears poised to enter into a period of strong economic recovery based on a series of market-friendly policies we expect to be enacted by the Bolsonaro administration. We also recommend shifting from Pemex to other regional oil and gas credits with more upside potential such as Petrobras (mainly) but also YPF and even Ecopetrol.
EBAY currently trades well below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 10.5x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to continue to decline from 16% in 2017 to 7% in 2022, accompanied by 5% Uniform Asset growth going forward. However, analysts have less bearish expectations, projecting Uniform ROA to only fall to 14% through 2019, accompanied by 14% Uniform Asset growth. Moreover, management is confident about various ta...
UHS Q3 2018 Embedded Expectations Analysis – Market expectations are for Uniform ROA compression, but management is confident in their revenue growth, capacity, and acute care business YRCW Q2 2018 Embedded Expectations Analysis – YRCW is trading below UAFRS-based asset values, but management is confident about revenues and shipments AMD Q2 2018 Embedded Expectations Analysis – Market expectations are for Uniform ROA to continue expanding to record-highs, but management has concerns abou...
Petróleo Brasileiro S.A. – Petrobras (PETR4:BRA) currently trades at historical lows relative to UAFRS-based (Uniform) Assets, with a 0.9x Uniform P/B. At these levels, the market has somewhat muted expectations for the firm, while management has concerns about reducing their debt and costs Specifically, management may lack confidence in their ability to reduce their debt, and may be exaggerating their progress in deleveraging their balance sheet. Moreover, they may lack confidence in their ...
Petróleo Brasileiro S.A. – Petrobras (PETR4:BRA) currently trades at historical lows relative to UAFRS-based (Uniform) Assets, with a 0.9x Uniform P/B. At these levels, the market has somewhat muted expectations for the firm, while management has concerns about reducing their debt and costs Specifically, management may lack confidence in their ability to reduce their debt, and may be exaggerating their progress in deleveraging their balance sheet. Moreover, they may lack confidence in their ...
INTU currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 29.7x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to expand rapidly, from 40% in 2017 to 83% by 2022, accompanied by 1% Uniform Asset growth going forward. However, analysts have less bullish expectations, projecting Uniform ROA to only improve to 43% levels through 2019, accompanied by 4% Uniform Asset growth. Moreover, Valens' qualitative analysis of the firm's Q...
Petróleo Brasileiro S.A. – Petrobras (PETR4:BRA) currently trades at historical lows relative to UAFRS-based (Uniform) Assets, with a 0.7x Uniform P/B. Although this discount may initially make shares look attractive, management has concerns about their contracts, production, and market share Specifically, management may lack confidence in their ability to become more competitive in the market through modernized contracts, and may be downplaying concerns about their dividend policy. Furtherm...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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