Important Movers to Watch: Petroleo Brasileiro SA Petrobras (NYSE:PBR), Fortinet (NASDAQ:FTNT), First Niagara Financial Group (NASDAQ:FNFG)

Important Movers to Watch: Petroleo Brasileiro SA Petrobras (NYSE:PBR), Fortinet (NASDAQ:FTNT), First Niagara Financial Group (NASDAQ:FNFG)

- in Business & Finance
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On Friday, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s shares declined -3.81% to $4.93.

PBR has 13.30% institutional ownership .The company has 7.44 billion shares outstanding while market capitalization of the company was $31.40 billion. Price to book ratio was 0.32. Net profit margin of the company was 6.50% while gross profit margin was 27.10%. Stock volatility for the month was booked as 4.65% while for the week was recorded as 5.74%. The mean estimate for the short term price target for Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) stands at $6.63 according to 13 Analysts. The higher price target estimate for the stock has been calculated at $15.00 while the lower price target estimate is at $2.00. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments.

Fortinet Inc (NASDAQ:FTNT)’s shares dropped -0.19% to $36.69.

FTNT has the market capitalization of $6.29 billion. The stock has P/B ratio of -7.92 while EPS was $0.10. Institutional ownership of the company was 75.20% while 172.40 million shares were outstanding. Net profit margin of the Company was 1.90% while its gross profit margin was 71.10%. Share of the company moved below its SMA 50 with -6.23%. ROE ratio was 2.40% while ROI was 3.40%. The mean estimate for the short term price target for Fortinet Inc (NASDAQ:FTNT) stands at $47.88 according to 25 Analysts. The higher price target estimate for the stock has been calculated at $56.00 while the lower price target estimate is at $35.00. Fortinet Inc (NASDAQ:FTNT) provides cyber security solutions to enterprise, service providers and government organizations across the world. The Company’s network security solution consists of FortiGate physical and virtual appliance products that provide an array of integrated security and networking functions to protect data, applications and users from network-and content-level security threats.

At the end of Friday’s trade, First Niagara Financial Group Inc. (NASDAQ:FNFG)‘s shares surged 0.19% to $10.77.

So far in 2015, the company has a year-to-date performance of 27.76%. The stock, as of last close, traded -3.28% up from its 52 week low and was 50.18% below its 52 week high. Its latest closing price was 14.95% above the SMA200 while the distance from SMA 50 and SMA 20 was 3.66% and 1.17% respectively. The mean estimate for the short term price target for First Niagara Financial Group Inc. (NASDAQ:FNFG) stands at $10.56 according to 15 Analysts. The higher price target estimate for the stock has been calculated at $13.00 while the lower price target estimate is at $9.00. First Niagara Financial Group Inc. (NASDAQ:FNFG) is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank).

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