Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) could end up posting record earnings in the latest quarter when it reports Tuesday, February 25. The most indebted oil company is forecast to report higher quarterly earnings due to the support of fuel price increase as was granted by the government. Such increases in fuel prices help to reduce refining losses. The new fuel prices which took effect in November reflected increases of 4 and 8 percent on the prices of gasoline and diesel respectively. That was the first time in nine months that PBR was allowed to adjust its fuel prices upwards. But even with that price hike, the company continued selling its fuel at a price that was 11 percent below the global price through the fourth quarter. That is according to estimates issued by Deutsche Bank SA. The stock of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) gained 2.1 percent in the last session, sending the shares to perch at $11.67. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened today at $10.95 and is currently trading at $11.29. The stock showed a positive weekly performance of 1.96%.
Equities researchers at Sterne Agee upped their price target on shares of Chipotle Mexican Grill (NYSE:CMG) from $596.50 to $742.00 in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s target price points to a potential upside of 24.39% from the stock’s previous close. Chipotle Mexican Grill, Inc. (NYSE:CMG) stock opened at $595.69, in current trading session and currently is at $608.30, by gaining 1.98%.The 52 week range of $3.16-$609.00.Company’s market capitalization is $18.88 billion.
Bank of America Corp (NYSE:BAC) shares have been on a steady upward march since 2013 and have risen by more than 33% in the last one year. Its various legal troubles have been mostly settled by paying billions of dollars to the government. No doubt, the litigation expenses have been quite spectacular — upwards of $50.0 billion since the financial crisis — but the Company also has assets in excess of $2 trillion. In the latest news of fresh legal troubles, the Federal Deposit Insurance Corporation (FDIC) sued 16 large banks on March 14 including Bank of America for manipulating the Libor interest rate. Bank of America Corp (NYSE:BAC) stock is currently trading at $17.72 .The EPS of the stock is 0.90. Company’s market capitalization is $187.37 billion.
Lennar (NYSE:LEN) issued its quarterly earnings data on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.07, ARN reports. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.28 billion. Lennar Corporation (NYSE:LEN) stock opened the session at $42.45, and now is at $41.22. The 52 week range of the LEN stock remained $30.90-$44.40 and the day range was $40.65-$42.52.