Analysts Turn Mixed On Petroleo Brasileiro S.A. – Petrobras (PBR), CEMEX, S.A.B. de C.V. (CX)

    The shares of Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been pegged with a rating of Buy by Goldman in its latest research note that was published on July 11th, 2019. Goldman wasn’t the only research firm that published a report of Petroleo Brasileiro S.A. – Petrobras, with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on July 8th, 2019, to Buy the PBR stock. The stock had earned Outperform rating from Credit Suisse when it published its report on April 8th, 2019. The stock was given Buy rating by HSBC Securities in its report released on March 14th, 2019. UBS was of a view that PBR is Buy in its latest report on February 12th, 2019. Morgan Stanley thinks that PBR is worth Overweight rating. This was contained in the firm’s report on October 23rd, 2018.

    The consensus currently stands at a Hold while its average price target is $19.29. The price of the stock the last time has raised by 39.44% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 51.40.

    The shares of the company added by 4.33% during the trading session on Thursday, reaching a low of $13.83 while ending the day at $13.98. During the trading session, a total of 18.7 million shares were traded which represents a -13.63% decline from the average session volume which is 16.46M shares. PBR had ended its last session trading at 13.40. Petroleo Brasileiro S.A. – Petrobras currently has a market cap of $87.16B, while its P/E ratio stands at 12.32, while its P/E earnings growth sits at 1.09, with a beta of 1.50. Petroleo Brasileiro S.A. – Petrobras debt-to-equity ratio currently stands at 1.28, while its quick ratio hovers at 1.10. PBR 52-week low price stands at $10.03 while its 52-week high price is $17.70.

    Investment analysts at Morgan Stanley published a research note on April 29th, 2019 where it informed investors and clients that CEMEX, S.A.B. de C.V. (NYSE:CX) is now rated as Equal-Weight. Citigroup also rated CX as Resumed on July 8th, 2019, with its price target of $16 suggesting that CX could surge by 36.66% from its current share price. Even though the stock has been trading at $3.57/share, analysts expect it to surge higher by 5.04% to reach $5.92/share. It started the day trading at $3.78 and traded between $3.61 and $3.75 throughout the trading session.

    A look at its technical shows that CX’s 50-day SMA is 3.60 while its 200-day SMA stands at 4.47. The stock has a high of $7.32 for the year while the low is $2.82. The company’s P/E ratio currently sits at 28.41, while the P/B ratio is 0.59. At the moment, only of CEMEX, S.A.B. de C.V. shares were sold short. The company’s average trading volume currently stands at 7.82M shares, which means that the short-interest ratio is just 2.69 days. Over the past seven days, the company moved, with its shift of 17.19%. Looking further, the stock has dropped -10.50% over the past 90 days while it lost -20.89% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Dodge Cox bought more CX shares, increasing its portfolio by +2.05% during the last quarter. This move now sees Dodge Cox purchasing 2,207,500 shares in the last quarter, thus it now holds 109,801,890 shares of CX, with a total valuation of $390,894,728. Brandes Investment Partners LP meanwhile bought more CX shares in the recently filed quarter, changing its stake to $227,376,310 worth of shares. Boston Partners Global Investors followed the path by decreasing its CX portfolio by -6.81% in the quarter. This means that Boston Partners Global Investors sold -2,734,444 shares in the last quarter and now controls 37,407,241 shares of the CX stock, with the valuation hitting $133,169,778.

    Similarly, Dimensional Fund Advisors LP decreased its CEMEX, S.A.B. de C.V. shares by -1.65% during the recently filed quarter. After selling -276,018 shares in the last quarter, the firm now controls 16,449,686 shares of CEMEX, S.A.B. de C.V. which are valued at $58,560,882. In the same vein, Global Thematic Partners LLC increased its CEMEX, S.A.B. de C.V. shares by during the most recent reported quarter. The firm bought 736,450 shares during the quarter which increased its stakes to 16,162,155 shares and is now valued at $57,537,272. Following these latest developments, around 60.00% of CEMEX, S.A.B. de C.V. stocks are owned by institutional investors and hedge funds.