BHP Group [NYSE: BBL] closed the trading session at $59.33 on 07/01/21. The day’s price range saw the stock hit a low of $59.13, while the highest price level was $60.45.
The stocks have a year to date performance of 11.88 percent and weekly performance of -0.35 percent. The stock has been moved at 11.02 percent over the last six months. The stock has performed -4.77 percent around the most recent 30 days and changed 2.13 percent over the most recent 3-months.
If compared to the average trading volume of 1.64M shares, BBL reached to a volume of 1241323 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about BHP Group [BBL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBL shares is $80.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBL stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for BHP Group shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on March 24, 2021. The new note on the price target was released on September 30, 2020, representing the official price target for BHP Group stock.
The Average True Range (ATR) for BHP Group is set at 1.24, with the Price to Sales ratio for BBL stock in the period of the last 12 months amounting to 3.60. The Price to Book ratio for the last quarter was 3.07, with the Price to Cash per share for the same quarter was set at 3.39. Price to Free Cash Flow for BBL in the course of the last twelve months was 14.76 with Quick ratio for the last quarter at 1.10.
BBL stock trade performance evaluation
BHP Group [BBL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.35. With this latest performance, BBL shares dropped by -4.77% in over the last four-week period, additionally plugging by 11.02% over the last 6 months – not to mention a rise of 45.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBL stock in for the last two-week period is set at 46.69, with the RSI for the last a single of trading hit 47.37, and the three-weeks RSI is set at 46.98 for BHP Group [BBL]. The present Moving Average for the last 50 days of trading for this stock 61.37, while it was recorded at 59.68 for the last single week of trading, and 54.78 for the last 200 days.
BHP Group [BBL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and BHP Group [BBL] shares currently have an operating margin of +37.15 and a Gross Margin at +47.58. BHP Group’s Net Margin is presently recorded at +18.53.
Return on Total Capital for BBL is now 20.37, given the latest momentum, and Return on Invested Capital for the company is 11.29. Return on Equity for this stock inclined to 16.65, with Return on Assets sitting at 7.70. When it comes to the capital structure of this company, BHP Group [BBL] has a Total Debt to Total Equity ratio set at 56.43. Additionally, BBL Total Debt to Total Capital is recorded at 36.07, with Total Debt to Total Assets ending up at 25.81. Long-Term Debt to Equity for the company is recorded at 45.97, with the Long-Term Debt to Total Capital now at 29.39.
Receivables Turnover for the company is 11.68 with a Total Asset Turnover recorded at a value of 0.42.BHP Group’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for BHP Group [BBL] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BHP Group go to 5.30%.
BHP Group [BBL]: Insider Ownership positions
There are presently around $8,453 million, or 4.90% of BBL stock, in the hands of institutional investors. The top three institutional holders of BBL stocks are: HARDING LOEVNER LP with ownership of 15,521,402, which is approximately 226.246% of the company’s market cap and around 0.20% of the total institutional ownership; FISHER ASSET MANAGEMENT, LLC, holding 15,128,538 shares of the stock with an approximate value of $897.58 million in BBL stocks shares; and BANK OF AMERICA CORP /DE/, currently with $644.09 million in BBL stock with ownership of nearly 245.356% of the company’s market capitalization.
Positions in BHP Group stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 341 institutional holders increased their position in BHP Group [NYSE:BBL] by around 42,122,670 shares. Additionally, 184 investors decreased positions by around 16,246,005 shares, while 91 investors held positions by with 84,099,694 shares. The mentioned changes placed institutional holdings at 142,468,369 shares, according to the latest SEC report filing. BBL stock had 125 new institutional investments in for a total of 8,161,411 shares, while 53 institutional investors sold positions of 1,741,508 shares during the same period.