BP plc ADR [BP] stock is trading at $32.37, up 0.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BP shares have gain 2.18% over the last week, with a monthly amount drifted -1.52%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BP plc ADR [NYSE: BP] stock has seen the most recent analyst activity on September 24, 2024, when Redburn Atlantic downgraded its rating to a Neutral. Previously, HSBC Securities downgraded its rating to Hold on August 08, 2024. On August 07, 2024, downgrade downgraded it’s rating to Sector Perform. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $41.50 on July 15, 2024. Jefferies upgraded its rating to Buy for this stock on March 04, 2024. In a note dated November 01, 2023, JP Morgan downgraded an Underweight rating on this stock.
BP plc ADR [BP] stock has fluctuated between $30.52 and $40.84 over the past year. Currently, Wall Street analysts expect the stock to reach $43.18 within the next 12 months. BP plc ADR [NYSE: BP] shares were valued at $32.37 at the most recent close of the market. An investor can expect a potential return of 33.4% based on the average BP price forecast.
Analyzing the BP fundamentals
BP plc ADR [NYSE:BP] reported sales of 201.59B for the trailing twelve months, which represents a drop of -2.55%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.86.
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 32.13 points at the first support level, and at 31.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.62, and for the 2nd resistance point, it is at 32.87.
Ratios To Look Out For
For context, BP plc ADR’s Current Ratio is 1.24. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 12.80.
