Important negative changes in fundamentals have recently occurred for BHP Group Ltd (NYSE: BHP): significant quarterly sales deceleration occurred, the consensus estimate for June, 2024 decreased significantly, and the consensus estimate for June, 2025 decreased significantly.
BHP Group Ltd (NYSE: BHP) has recently experienced significant negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.
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
With future capital returns forecasted to be above the cost of capital, BHP is expected to continue to be a major Value Builder.
BHP Group has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. BHP Group has a poor Power Rating of 23 and a poor Appreciation Score of 22, triggering the Lowest Value Trend Rating.
Recent Price Action
BHP Group Ltd (NYSE: BHP) stock closed at $58.19 on 6/7/24 after a decline of -2.5%. However, trading volume in this decline was unusually low at 65% of normal. The stock has declined -0.8% during the last week and has been weak relative to the market over the last nine months.
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