BHP Group Limited ADR [BHP] stock prices are up 2.90% to $52.81 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BHP shares have gain 1.07% over the last week, with a monthly amount drifted -1.40%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Liberum downgraded its rating to Hold on March 05, 2024. On October 06, 2023, upgrade upgraded it’s rating to Neutral. Bernstein downgraded its rating to a Mkt Perform and decreased its price target to $58 on September 25, 2023. JP Morgan upgraded its rating to a Overweight. Berenberg downgraded its rating to Hold for this stock on July 07, 2023. In a note dated July 06, 2023, Liberum upgraded an Hold rating on this stock.
The stock price of BHP Group Limited ADR [BHP] has been fluctuating between $50.90 and $69.11 over the past year. Currently, Wall Street analysts expect the stock to reach $52.2 within the next 12 months. BHP Group Limited ADR [NYSE: BHP] shares were valued at $52.81 at the most recent close of the market. An investor can expect a potential drop of -1.16% based on the average BHP price forecast.
Analyzing the BHP fundamentals
The BHP Group Limited ADR [NYSE:BHP] reported sales of 55.53B for trailing twelve months, representing a surge of 1.14%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.18 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.87 points at the first support level, and at 50.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.31, and for the 2nd resistance point, it is at 53.80.
Ratios To Look Out For
It’s worth pointing out that BHP Group Limited ADR [NYSE:BHP]’s Current Ratio is 1.70. On the other hand, the Quick Ratio is 1.29, and the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 17.04.
