BHP Group (NYSE:BBL) price is hovering higher on Wednesday, December 29, jumping 1.71% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $59.02, with intraday deals fluctuating between $58.855 and $59.56. The company’s 5Y monthly beta was ticking 0.84 while its P/E ratio in the trailing 12-month period read 13.23. Taking into account the 52-week price action we note that the stock hit a 52-week high of $68.04 and 52-week low of $49.50. The stock added 10.98% on its value in the past month.
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BHP Group, which has a market valuation of $147.93 billion. The company stock has a Forward Dividend ratio of 3.12, while the dividend yield is 5.29%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BBL a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned BBL a recommendation rating as follows: 2 rate it as a Hold; 0 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the BHP Group (BBL) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BBL’s price is at present 5.17% off the SMA20 and 9.84% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 66.51, with weekly volatility standing at 1.55%. The indicator jumps to 1.76% when calculated based on the past 30 days. BHP Group (NYSE:BBL)’s beta value is holding at 1.15, while the average true range (ATR) indicator is currently reading 1.25. Considering analysts have assigned the stock a price target range of $56.00-$61.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $58.50. Based on this estimate, we see that today’s price at last check is roughly 6.71% off the estimated low and -1.62% off the forecast high. Investors will no doubt be excited to see the share price rise to $58.50, which is the median consensus price, and at that level BBL would be 2.55% from recent price.
Turning out attention to how the BHP Group stock has performed in comparison to its peers in the industry, here’s what we find: BBL’s stock is 1.71% on the day and 11.34% in the past 12 months, while Freeport-McMoRan Inc. (FCX) traded 0.04% in the latest session and is positioned 70.48% up on its price 12 months ago. Another comparison is with Rio Tinto Group (RIO) whose stock price is up 0.74% in the current trading session, and has flourished -9.96% over the past year. As for BHP Group, the P/E ratio stands at 13.23 lower than that of Freeport-McMoRan Inc.’s at 15.97 and Rio Tinto Group’s 5.72. Elsewhere in the market, the S&P 500 Index has rallied 0.07% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.22%.
An analysis of the BHP Group (NYSE:BBL) stock in terms of its daily trading volume indicates that the 3-month average is 2.38 million.
Current records show that the company has 2.53B in outstanding shares. The insiders’ percentage holdings are 0.20% of outstanding shares while the percentage share held by institutions stands at 6.10%. But the 11.30% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.