BP plc ADR [BP] stock Downgrade by Morgan Stanley analyst, price target now $41.50

BP plc ADR [NYSE: BP] plunged by -$0.16 during the normal trading session on while it closed the day at $35.03.

BP plc ADR stock has also loss -4.16% of its value over the past 7 days. However, BP stock has declined by -11.18% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.21% and lost -1.05% year-on date.

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The market cap for BP stock reached $96.49 billion, with 2.80 billion shares outstanding and 2.75 billion shares in the current float. Compared to the average trading volume of 8.06M shares, BP reached a trading volume of 8508302 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 BP plc ADR [BP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BP shares is $44.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BP stock is a recommendation set at 1.93. 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 BP plc ADR shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on Jul-16-24. The new note on the price target was released on March 04, 2024, representing the official price target for BP plc ADR stock.

The Average True Range (ATR) for BP plc ADR is set at 0.58, with the Price to Sales ratio for BP stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 11.66. Price to Free Cash Flow for BP in the course of the last twelve months was 6.63 with Quick ratio for the last quarter at 0.94.

BP stock trade performance evaluation

BP plc ADR [BP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.16. With this latest performance, BP shares dropped by -1.49% in over the last four-week period, additionally plugging by 1.21% over the last 6 months – not to mention a drop of -4.11% 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 BP stock in for the last two-week period is set at 40.11, with the RSI for the last a single of trading hit 37.46, and the three-weeks RSI is set at 41.52 for BP plc ADR [BP]. The present Moving Average for the last 50 days of trading for this stock 36.49, while it was recorded at 34.99 for the last single week of trading, and 36.66 for the last 200 days.

BP plc ADR [BP]: An insightful look at the core fundamentals

BP plc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 1.23.

Earnings per share (EPS) analysis for BP plc ADR [BP] stock

With the latest financial reports released by the company, BP plc ADR posted 0.9/share EPS, while the average EPS was predicted by analysts to be reported at 1.2/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -25.00%. 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 BP.

BP plc ADR [BP]: Institutional Ownership

The top three institutional holders of BP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BP stock with ownership which is approximately 5.1238%.

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