13 Most Undervalued Large Cap Stocks to Buy According to Analysts

11. Petróleo Brasileiro – Petrobras (NYSE:PBR)

Forward P/E Ratio as of July 4: 4.62

Market Capitalization as of July 4: $31.51 billion

Number of Hedge Fund Holders: 33

Average Upside Potential as of July 4: 18.68%

Petróleo Brasileiro – Petrobras (NYSE:PBR) is one of the most undervalued large cap stocks to buy according to analysts. It was announced on July 4 that Petrobras is set to invest ~33 billion reais (~$6 billion) in refining and petrochemical projects in Rio de Janeiro, as part of its 2025-2029 Business Plan.

Of this total, 29 billion reais will come directly from Petrobras’s CapEx, with an additional 4 billion reais allocated to a synergistic project with its assets. Service packages for these initiatives are currently in the bidding phase. An estimated 26 billion reais from this investment is dedicated to integrating the Boaventura Energy Complex and the Reduc refinery in Rio de Janeiro.

The integration will boost production capacities, which include an increase of 76,000 barrels per day (bpd) in S-10 diesel output, with 56,000 bpd from quality improvements and 20,000 bpd from additional capacity. Furthermore, jet fuel production capacity is expected to rise by 20,000 bpd, and Group II lubricating oil production by 12,000 bpd.

Petróleo Brasileiro – Petrobras (NYSE:PBR) explores, produces, and sells oil & gas in Brazil and internationally.