The trading price of BHP Group (NYSE:BBL) closed higher on Tuesday, July 20, closing at $60.46, 2.44% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $58.88 and $60.67. The company’s P/E ratio in the trailing 12-month period was 22.00, while its 5Y monthly beta was 0.84. In examining the 52-week price action we see that the stock hit a 52-week high of $68.04 and a 52-week low of $37.88. Over the past month, the stock has gained 8.33% in value.
BHP Group, whose market valuation is $177.41 billion at the time of this writing. The dividend yield on the company stock is 5.16%, while its Forward Dividend ratio is 3.12. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of BHP Group No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BBL has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BBL a recommendation rating is 4. Out of them, 1 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged BHP Group (BBL) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.15, which symbolizes a positive outlook. A quick review shows that BBL’s price is currently 0.19% off the SMA20 and -1.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.82, and weekly volatility stands at 2.14%. When measured over the past 30 days, the indicator reaches 1.93%. BHP Group (NYSE:BBL)’s beta value is currently sitting at 1.08, while the Average True Range indicator is currently displaying 1.49. With analysts defining $36.05-$81.00 as the low and high price targets, we arrive at a consensus price target of $58.53 for the trailing 12-month period. The current price is about 40.37% off the estimated low and -33.97% off the forecast high, based on this estimate. Investors will be thrilled if BBL’s share price rises to $58.53, which is the median consensus price. At that level, BBL’s share price would be 3.19% above current price.
To see how BHP Group stock has been performing in comparison to its peers in the industry, here are the numbers: BBL stock’s performance was 2.44% in the latest trading, and 33.91% in the past year, while Freeport-McMoRan Inc. (FCX) has traded 1.70% on the day and positioned 145.35% higher than it was a year ago. Another comparable company Rio Tinto Group (RIO) saw its stock close 1.52% higher in the most recent trading session but was up 31.84% in a year. BHP Group has a P/E ratio of 22.00, compared to Freeport-McMoRan Inc.’s 26.96 and Rio Tinto Group’s 13.58. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of BHP Group (NYSE:BBL) indicates that the 3-month average is 1.64 million.
Currently, records show that 2.53 billion of the company’s shares remain outstanding. The insiders hold 0.20% of outstanding shares, whereas institutions hold 4.90%. However, since the stock’s price has seen 14.01% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.