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Wednesday, September 30, 2020

BHP Group (NYSE:BBL) on the Path to Profitability

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The BHP Group (BBL) shares are trading at higher $43.26 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $45.93.

To add more color to this target, the company’s high over the last year is $51.24 and the low is $23.64. Over the last 52 weeks, BBL is down -15.57% while the S&P 500 is up 1.30%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

BBL booked profit margins of 20.50%, its Return on Equity (ROE) is 18.70%, and its Return on Assets is 9.00%. All told, it is clear that, BBL needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BBL has a short ratio of 1.78 and outstanding shares of 2.53B.

Company Outlook

BBL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.13 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.73. BHP Group BBL also noted assets of $102.29 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BBL has historically followed its peers on positive news.

All told, BHP Group BBL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BBL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

BHP Group BBL is now commanding a market cap of 121.72B and a float of 1.06B. BBL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BBL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BBL, either long or short, and we have not been compensated for this article.

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