How BHP Group (BBL) Works From A Technical Perspective

BHP Group (NYSE:BBL) trading with an addition of $1.85 to $55.06 on Thursday, an upside of 3.48 percent. An average of 1,942,038 shares of common stock have been traded in the last five days. There was a gain of $3.03 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 2,798,245 shares traded, while the 50-day average volume stands at 2,861,318.

BBL stock has decreased by -5.69% in the last month. The company shares reached their 1-month lowest point of $49.50 on 09/29/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $37.88 and a high of $68.04 in 52 weeks. It has reached a new high 13 times so far this year and achieved 0.34% or $1.89 in price. In spite of this, the price is down -19.08% from the 52-week high.

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Valuation Metrics

BHP Group (BBL) has a trailing price-to-earnings (P/E) ratio of 11.93, which compares with the 20.90 for the broader industry and 13.88 for the sector. In the last five years, BHP Group’s PE ratio has ranged between 40.00 and 6.594. The stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.22, the price-to-book (PB) ratio at 2.63, and the price-to-cash flow ratio at 7.17.

BHP Group pays a $8.00 dividend per share annually. It offers a dividend yield of 14.55%. The company has a payout ratio of 45.20%. The company’s most recent quarterly dividend payment took place on Sep. 21, and it was $4.00 a share, representing a up of 49.5 from $2.02 last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $1.98 reported on Thursday August 19 2021. Dividends have grown by 44.58% each year over the last three years.

BHP Group will next go ex-dividend on 4-Mar. The next dividend payment BHP Group will make is expected to be $0.129.

The quick ratio of BHP Group for the recent quarter was 1.40, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.41 for the recent quarter. On the profitability front, the trailing 12-month gross margin 5-year average of 70.6%. BHP Group’s EBITDA margin is 65.21%, while its operating margin for the same period stands at 41.90%. Its gross profit as reported stood at $51.94 billion compared to revenue of $60.82 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BHP Group’s return on assets was 10.80%, compared to 6.9% over the last five years. In the past year, the return on investment has been 19.90%, and the 5-year average is 10.5%. Meanwhile, the return on equity (ROE) for the past 12 months has been 23.00% and the 5-year average holds at 14.6%. For the broader industry, ROE averaged -13.62 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at BHP Group (BBL) price momentum. RSI 9-day as of the close on 13 October was 68.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.78%.

As of today, BBL’s price is $53.45 +5.85% or $3.03 from its 5-day moving average. BBL is currently trading +0.10% higher than its 20-day SMA and -8.23% lower than its 100-day SMA. However, the stock’s current price level is -16.34% below the SMA50 and +2.80% above the SMA200.

The stochastic %K and %D were 81.99% and 80.07%, respectively, and the average true range (ATR) was 1.30. With the 14-day stochastic at 94.34% and the average true range at 1.36, the RSI (14) stands at 55.69%. The stock has reached 1.42 on the 9-day MACD Oscillator while the 14-day reading was at 2.07.

Analyst Ratings

Morgan Stanley downgraded BHP Group (NYSE: BBL) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as a an Overweight.The consensus rating for BHP Group (BBL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BBL, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 1 others rate it as a “buy”.

What is BBL’s price target for the next 12 months?

Analysts predict a range of price targets between $36.05 and $63.00, with a median target of $61.00. Taking a look at these predictions, the average price target given by analysts for BHP Group (BBL) stock is $53.35.


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