Meaningful negative changes in fundamentals have recently occurred for BHP Group Ltd (NYSE: BHP): the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, and the consensus estimate for June, 2024 decreased significantly.
BHP Group Ltd (NYSE: BHP) has recently experienced meaningful negative changes in investment behavior: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BHP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
BHP Group has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. BHP Group has a neutral Power Rating of 42 but a poor Appreciation Score of 23, with the Lowest Value Trend Rating the result.
Recent Price Action
BHP Group Ltd (NYSE: BHP) stock closed at $57.30 on 3/8/24 after a slight decline of -0.9%. Moreover, this decline was accompanied by unusually high trading volume at 158% of normal. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
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