You should consider shares of Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) and Tilray Inc. (NASDAQ:TLRY) if you are looking for a great stocks to invest in. Starting with the PBR shares, which traded at $14.87 at the close of the recent session, dropping -3.25%. On Wednesday, the company’s shares shed -$0.5 from its value which represented in intraday trading. The stock is now -6.71% lower in year-to-date (YTD) trading. PBR’s intraday high was $15.23 while its lowest price touched $14.84. The stock’s 52-week high price is $17.59, which means the current price is at -15.48%. In terms of trading activity, the daily trading volume rose to 18600299 against 200-day average trading volume of 16,003,198 shares.
What are analyst forecasts for Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR)?
At a consensus rating of 4.20, PBR is trending as a streaking Moderate Buy, as it has been the case a month ago when 6 analysts called it a Moderate Buy. Two months ago, 6 analysts recommended, on average, that PBR stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $15.18 on the day.
Forecasts for Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) give the stock a fair value for the growth of 21.74% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $19.00, which means the price per share could rise by nearly $4.13. The price range target is between a low of $16.00 and a high of $23.00. The stock would need to gain by about $35.35 to hit the estimated high or 0.85% from its 12-month low.
The consensus among 12 analysts is that it is a good time for one to Overweight in the Petroleo Brasileiro S.A. – Petrobras. 9 analysts rate PBR as a Buy, with 0 of 12 analysts rate it as a Sell. 0 have valued the stock as Overweight and 3 have recommended that investors Hold.
Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgrades and Downgrades
In terms of rating changes, Goldman on July 11, 2019, Initiated Petroleo Brasileiro S.A. – Petrobras (PBR) at Buy. Analysts at Citigroup have assigned a Buy rating for the stock in their research note on July 08, 2019. Moreover, Credit Suisse analysts issued a rating of Outperform for the stock on April 08, 2019. On March 14, 2019, the stock earned a Buy rating due to an analyst call from HSBC Securities, while analysts from UBS on February 12, 2019 suggested that the stock is Buy.
Tilray Inc. (NASDAQ:TLRY) adds $0.14 on Wednesday
The TLRY stock has risen 24.69% year-to-date and is currently trading at $21.36, which is -78.59% below its 52-week high. The company shares gained 0.66% on the day and have risen nearly 42.31% off a low hit. At current levels, Tilray Inc. has a valuation of about $135.60M. As of 01/15/20, this stock has risen 35.19% during the week and closed at $21.22 in the previous session. However, recent Tilray Inc. stock performance shows that TLRY shares are 14.84% up over the last month, and -3.44% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are -$0.14, with the trailing 12-month share earnings at -$1.62. The ratio is expected to be down by -80.80% for the current year 2019 and 26.20% for next year. Over the next 5-year period, earnings per share will be -5.50%. But will the TLRY stock surprise in the current quarter results, where the -$0.36 actual EPS reported on 9/29/2019 surprised by -24.10% or was lower by -$0.07 from the estimated -$0.29.
Sales Growth to climb 76.40% for the year
How well will Tilray Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $41.5M and $66.56M in current quarter sales. The consensus estimated for the current quarter is $55.84M from sales. Forecasts for this fiscal year are between $162.51M and $179M and the consensus estimate for sales is at $175.23M. TLRY has its next quarter sales estimates at between $50.7M and $69.96M, with the quarter-over-quarter growth estimates at 176.90% and the annual growth forecast for the year at 76.40%.
Who owns shares in Tilray Inc. (TLRY)?
Let’s briefly focus on the share ownership of the Tilray Inc. (NASDAQ:TLRY) stock, where we find that 12.36% of shares are held by institutions. Mirae Asset Global Investments Co., Ltd. tops the list of institutional owners as it is holding 2.73 million shares or 3.26% of shares outstanding. ETF Managers Group, LLC and Zevenbergen Capital Investments LLC held 2.04 million and 889515.0 representing 2.43% and 1.06% respectively at the close of the last trading session. As of Sep 29, 2019, Morgan Stanley accounted for 383641.0 shares at over 9.49 million. This represented 0.46% of shares outstanding. Newtyn Management, LLC held 304036.0 shares at over 7.52 million representing 0.36% of shares outstanding.
TLRY Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Tilray Inc. (TLRY), a total of 140312 shares have been sold by insiders over the last 6 months while 15202134 shares were added in the same time span. On 1/24/2019, President & Chief Executive Officer by the name Kennedy Brendan sold 149916.0 shares worth $11.1 million at the price of $74.21 per share. Filings also show that Castaneda Mark sold a total of 78700.0 shares on 7/18/2019 valued at $3.4 million. Since the last insider activity, the company’s share price has dropped -50.79%.