BHP Group Limited [NYSE: BHP] loss -2.81% or -1.74 points to close at $60.21 with a heavy trading volume of 3163523 shares.
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It opened the trading session at $60.06, the shares rose to $60.635 and dropped to $59.63, the range by which the price of stock traded the whole day. The daily chart for BHP points out that the company has recorded 15.72% gains over the past six months. However, it is still -29.96% lower than its most recent low trading price.
If we look at the average trading volume of 4.18M shares, BHP reached to a volume of 3163523 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about BHP Group Limited [BHP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BHP shares is $77.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BHP stock is a recommendation set at 2.00. 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.
Jefferies have made an estimate for BHP Group Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 07, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on June 02, 2022, representing the official price target for BHP Group Limited stock.
The Average True Range (ATR) for BHP Group Limited is set at 2.00, with the Price to Sales ratio for BHP stock in the period of the last 12 months amounting to 2.52. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 4.76.
Trading performance analysis for BHP stock
BHP Group Limited [BHP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.77. With this latest performance, BHP shares gained by 2.85% in over the last four-week period, additionally plugging by 15.72% over the last 6 months – not to mention a drop of -4.37% 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 BHP stock in for the last two-week period is set at 43.75, with the RSI for the last a single of trading hit 32.44, and the three-weeks RSI is set at 38.64 for BHP Group Limited [BHP]. The present Moving Average for the last 50 days of trading for this stock 68.39, while it was recorded at 61.28 for the last single week of trading, and 63.41 for the last 200 days.
BHP Group Limited [BHP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and BHP Group Limited [BHP] shares currently have an operating margin of +53.97 and a Gross Margin at +57.12. BHP Group Limited’s Net Margin is presently recorded at +18.59.
Return on Total Capital for BHP is now 40.79, given the latest momentum, and Return on Invested Capital for the company is 15.70. Return on Equity for this stock inclined to 22.14, with Return on Assets sitting at 10.27. When it comes to the capital structure of this company, BHP Group Limited [BHP] has a Total Debt to Total Equity ratio set at 40.93. Additionally, BHP Total Debt to Total Capital is recorded at 29.04, with Total Debt to Total Assets ending up at 19.26. Long-Term Debt to Equity for the company is recorded at 35.80, with the Long-Term Debt to Total Capital now at 25.41.
Receivables Turnover for the company is 11.89 with a Total Asset Turnover recorded at a value of 0.55.BHP Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.90.
BHP Group Limited [BHP]: An earnings per share (EPS) analysis
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 BHP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BHP Group Limited go to -9.90%.
An analysis of insider ownership at BHP Group Limited [BHP]
There are presently around $6,726 million, or 4.30% of BHP stock, in the hands of institutional investors. The top three institutional holders of BHP stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 16,904,899, which is approximately 4.349% of the company’s market cap and around 5.40% of the total institutional ownership; HARDING LOEVNER LP, holding 15,497,864 shares of the stock with an approximate value of $960.09 million in BHP stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $640.49 million in BHP stock with ownership of nearly 7.908% of the company’s market capitalization.
Positions in BHP Group Limited stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 390 institutional holders increased their position in BHP Group Limited [NYSE:BHP] by around 9,037,711 shares. Additionally, 251 investors decreased positions by around 73,909,405 shares, while 93 investors held positions by with 25,621,679 shares. The mentioned changes placed institutional holdings at 108,568,795 shares, according to the latest SEC report filing. BHP stock had 139 new institutional investments in for a total of 2,855,575 shares, while 100 institutional investors sold positions of 27,396,761 shares during the same period.