BHP Group Stock Target Price and Analyst Consensus

BHP Stock  USD 57.69  0.16  0.28%   
The current analyst and expert consensus on BHP Group is Strong Buy, with 4 strong buy opinions. The current projected BHP Group target price consensus is 66.19 with 7 analyst opinions. The most common way BHP Group Limited analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview BHP Group executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on BHP Group. We strongly encourage you to use your own analysis of BHP Group Limited to validate this buy or sell advice. BHP Group buy-or-sell recommendation module provides average expert sentiment on the projected BHP Group Limited target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on BHP Group to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
60.23
Highest Forecast
73.47
Target Price
66.19
As of 03/29/2024, Gross Profit is likely to drop to about 16.5 B. In addition to that, Pretax Profit Margin is likely to grow to -0.11. At this time, BHP Group's Good Will is relatively stable compared to the past year. As of 03/29/2024, Common Stock Total Equity is likely to grow to about 2.7 B, while Other Current Liabilities is likely to drop slightly above 3.8 B.
  
It's important to approach BHP Group's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

BHP Group Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. BHP target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. BHP Group's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   7  Strong Buy
Most BHP analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand BHP stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of BHP Group Limited, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

BHP Group Target Price Projection

BHP Group's current and average target prices are 57.69 and 66.19, respectively. The current price of BHP Group is the price at which BHP Group Limited is currently trading. On the other hand, BHP Group's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

BHP Group Market Quote on 29th of March 2024

Low Price57.27Odds
High Price57.8Odds

57.69

Target Price

Analyst Consensus On BHP Group Target Price

Low Estimate60.23Odds
High Estimate73.47Odds

66.19

Historical Lowest Forecast  60.23 Target Price  66.19 Highest Forecast  73.47
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on BHP Group Limited and the information provided on this page.

BHP Group Analyst Ratings

BHP Group's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about BHP Group stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of BHP Group's financials, market performance, and future outlook by experienced professionals. BHP Group's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize BHP Group price targets

BHP Group's stock target price is an estimate of its future price, usually made by analysts. Using BHP Group's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at BHP Group's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if BHP Group's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional BHP Group Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of BHP Group is a key component of BHP Group valuation and have some predictive power on the future returns of a BHP Group.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BHP Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
56.6257.9159.20
Details
Intrinsic
Valuation
LowRealHigh
51.9262.7864.07
Details
Naive
Forecast
LowNextHigh
55.8457.1358.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
55.2556.6858.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BHP Group. Your research has to be compared to or analyzed against BHP Group's peers to derive any actionable benefits. When done correctly, BHP Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BHP Group Limited.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
Cleaning
Invested over 100 shares
Business Services Idea
Business Services
Invested few shares
Macroaxis Index Idea
Macroaxis Index
Invested over 200 shares
Momentum Idea
Momentum
Invested over 40 shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
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When determining whether BHP Group Limited is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BHP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bhp Group Limited Stock. Highlighted below are key reports to facilitate an investment decision about Bhp Group Limited Stock:
Check out Macroaxis Advice on BHP Group to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Note that the BHP Group Limited information on this page should be used as a complementary analysis to other BHP Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running BHP Group's price analysis, check to measure BHP Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.
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The data published in BHP Group's official financial statements usually reflect BHP Group's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of BHP Group Limited. For example, before you start analyzing numbers published by BHP accountants, it's critical to develop an understanding of what BHP Group's liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of BHP Group's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, BHP Group's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in BHP Group's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of BHP Group Limited. Please utilize our Beneish M Score to check the likelihood of BHP Group's management manipulating its earnings.