BHP Group Limited ADR (NYSE:BHP) finished Friday with a subtraction of -$0.32 to close at $56.88, a downside of -0.56 percent. An average of 2,671,560 shares of common stock have been traded in the last five days. There was a gain of $0.13 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 2,448,115 shares traded, while the 50-day average volume stands at 2,539,024.
BHP stock has decreased by -1.51% in the last month. The company shares reached their 1-month lowest point of $54.85 on 09/08/23. 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 -8.33% or -$5.17 in price. In spite of this, the price is down -20.47% from the 52-week high.
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Valuation Metrics
BHP Group Limited ADR (BHP) has a trailing price-to-earnings (P/E) ratio of 11.19. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.68, the price-to-book (PB) ratio at 3.24, and the price-to-cash flow ratio at 12.09.
The company has a payout ratio of 66.04%. The company’s most recent quarterly dividend payment was $1.60 a share, representing a down of -11.11% from $1.80 last year. Its latest decrease dividend $0.20 reported on Tuesday August 22 2023.
Financial Health
The quick ratio of BHP Group Limited ADR for the recent quarter was 0.95, and the current ratio was 1.23, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.50 for the recent quarter. BHP Group Limited ADR’s EBITDA margin is 65.21%, while its operating margin for the same period stands at 41.02%. Its gross profit as reported stood at $42.63 billion compared to revenue of $53.82 billion.
Earnings Surprise
The company posted a net income of $12.92 billion in the quarter, while revenues were shrunk -139.15%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at BHP Group Limited ADR (BHP) price momentum. RSI 9-day as of the close on 29 September was 50.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.11%.
As of today, BHP’s price is $56.18 +0.23% or $0.13 from its 5-day moving average. BHP is currently trading -1.06% lower than its 20-day SMA and -6.55% lower than its 100-day SMA. However, the stock’s current price level is -6.55% below the SMA50 and -9.84% below the SMA200.
The stochastic %K and %D were 38.52% and 26.77%, respectively, and the average true range (ATR) was 1.29. With the 14-day stochastic at 44.56% and the average true range at 1.28, the RSI (14) stands at 49.33%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.
Analyst Ratings
Bernstein downgraded BHP Group Limited ADR (NYSE: BHP) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.
What is BHP’s price target for the next 12 months?
Analysts predict a range of price targets between $46.62 and $73.83, with a median target of $58.56. Taking a look at these predictions, the average price target given by analysts for BHP Group Limited ADR (BHP) stock is $59.72.
