BHP Group Limited (NYSE:BHP) finished Thursday with a subtraction of -$0.38 to close at $58.94, a downside of -0.63 percent. An average of 1,585,002 shares of common stock have been traded in the last five days. There was a fall of -$0.88 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 2,208,531 shares traded, while the 50-day average volume stands at 2,481,592.
BHP stock has decreased by -5.43% in the last month. The company shares reached their 1-month lowest point of $58.22 on 08/08/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $46.92 and a high of $71.52 in 52 weeks. It has reached a new high 13 times so far this year and lost -5.00% or -$3.04 in price. In spite of this, the price is down -17.58% from the 52-week high.
Valuation Metrics
BHP Group Limited (BHP) has a trailing price-to-earnings (P/E) ratio of 8.20. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.45, the price-to-book (PB) ratio at 3.50, and the price-to-cash flow ratio at 50.50.
The company has a payout ratio of 48.80%. The company’s most recent quarterly dividend payment was $1.80 a share, representing a down of -48.57% from $3.50 last year. Its latest decrease dividend $1.70 reported on Monday February 27 2023.
Financial Health
The quick ratio of BHP Group Limited for the recent quarter was 1.30, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.35 for the recent quarter. BHP Group Limited’s EBITDA margin is 65.21%, while its operating margin for the same period stands at 49.90%. Its gross profit as reported stood at $54.6 billion compared to revenue of $65.1 billion.
Earnings Surprise
For the recent quarter, BHP Group Limited had $296.0 million in cash. The company posted a net income of $30.9 billion in the quarter, while revenues were grew 63.42%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at BHP Group Limited (BHP) price momentum. RSI 9-day as of the close on 10 August was 37.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.11%.
As of today, BHP’s price is $59.44 -1.47% or -$0.88 from its 5-day moving average. BHP is currently trading -4.98% lower than its 20-day SMA and +0.43% higher than its 100-day SMA. However, the stock’s current price level is +7.49% above the SMA50 and +20.40% above the SMA200.
The stochastic %K and %D were 16.95% and 18.00%, respectively, and the average true range (ATR) was 1.13. With the 14-day stochastic at 12.69% and the average true range at 1.19, the RSI (14) stands at 42.61%. The stock has reached -0.45 on the 9-day MACD Oscillator while the 14-day reading was at -1.50.
Analyst Ratings
JP Morgan upgraded BHP Group Limited (NYSE: BHP) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for BHP Group Limited (BHP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BHP, while 11 suggest investors hold. There are 3 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is BHP’s price target for the next 12 months?
Analysts predict a range of price targets between $49.46 and $74.57, with a median target of $61.71. Taking a look at these predictions, the average price target given by analysts for BHP Group Limited (BHP) stock is $62.12.
