At the time of writing, BHP Group Limited ADR [BHP] stock is trading at $50.66, up 0.92%. An important factor to consider is whether the stock is rising or falling in short-term value. The BHP shares have gain 1.22% over the last week, with a monthly amount glided 2.76%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
BHP Group Limited ADR [NYSE: BHP] stock has seen the most recent analyst activity on October 04, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $68 from $72. Previously, Bernstein upgraded its rating to Outperform on September 16, 2024. Liberum downgraded its rating to a Hold. UBS upgraded its rating to a Neutral. Bernstein downgraded its rating to Mkt Perform for this stock on September 25, 2023, and downed its price target to $58. In a note dated July 14, 2023, JP Morgan upgraded an Overweight rating on this stock.
For the past year, the stock price of BHP Group Limited ADR fluctuated between $48.06 and $63.21. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. BHP Group Limited ADR [NYSE: BHP] shares were valued at $50.66 at the most recent close of the market. An investor can expect a potential return of 26.33% based on the average BHP price forecast.
Analyzing the BHP fundamentals
According to BHP Group Limited ADR [NYSE:BHP], the company’s sales were 55.53B for trailing twelve months, which represents an 1.14% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.29%, 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 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.45.
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 50.22 points at the first support level, and at 49.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.13, and for the 2nd resistance point, it is at 51.60.
Ratios To Look Out For
It is important to note that BHP Group Limited ADR [NYSE:BHP] has a current ratio of 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 2.31, the price to book ratio is 2.87 and price to earnings (TTM) ratio is 16.35.
