BHP Group (BHP) Stock Forecast, Price Target & Predictions
BHP Stock Forecast
BHP Group stock forecast is as follows: an average price target of $47.80 (represents a -9.26% downside from BHP’s last price of $52.68) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
BHP Price Target
The average price target for BHP Group (BHP) is $47.80 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $68.00 to $31.00. This represents a potential -9.26% downside from BHP's last price of $52.68.
BHP Analyst Ratings
According to 13 Wall Street analysts, BHP Group's rating consensus is 'Hold'. The analyst rating breakdown for BHP stock is 0 'Strong Buy' (0.00%), 4 'Buy' (30.77%), 8 'Hold' (61.54%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).
BHP Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 04, 2024 | Christopher LaFemina | Jefferies | $68.00 | $60.89 | 11.68% | 29.08% |
| Sep 19, 2024 | John Eade | Argus Research | $60.00 | $55.00 | 9.09% | 13.90% |
| Jun 05, 2024 | Paul Young | Goldman Sachs | $49.00 | $58.62 | -16.41% | -6.99% |
| May 22, 2024 | David Coleman | Argus Research | $68.00 | $59.60 | 14.09% | 29.08% |
| Nov 24, 2022 | Paul Young | Goldman Sachs | $42.90 | $60.04 | -28.55% | -18.56% |
| Nov 23, 2022 | - | Credit Suisse | $31.00 | $58.87 | -47.34% | -41.15% |
| Nov 18, 2022 | - | Citigroup | $31.00 | $58.66 | -47.15% | -41.15% |
| Jun 14, 2022 | Christopher LeFemina | Jefferies | $82.00 | $60.81 | 34.85% | 55.66% |
The latest BHP Group stock forecast, released on Oct 04, 2024 by Christopher LaFemina from Jefferies, set a price target of $68.00, which represents a 11.68% increase from the stock price at the time of the forecast ($60.89), and a 29.08% increase from BHP last price ($52.68).
BHP Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $64.00 | $61.25 |
| Last Closing Price | $52.68 | $52.68 | $52.68 |
| Upside/Downside | -100.00% | 21.49% | 16.27% |
In the current month, the average price target of BHP Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to BHP Group's last price of $52.68. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Bernstein | Market Perform | Outperform | Upgrade |
| Aug 06, 2024 | Panmure | - | Sell | Downgrade |
| Jul 15, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jun 17, 2024 | Bernstein | - | Market Perform | Downgrade |
| May 22, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Apr 30, 2024 | Oddo BHF | - | Neutral | Upgrade |
| Apr 16, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 04, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Oct 05, 2023 | UBS | Sell | Neutral | Upgrade |
| Jan 05, 2023 | Jefferies | Hold | Hold | Hold |
BHP Group's last stock rating was published by Bernstein on Sep 16, 2024. The company Upgrade its BHP rating from "Market Perform" to "Outperform".
BHP Group Financial Forecast
BHP Group Revenue Forecast
| Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|
| Revenue | - | - | - |
| Avg Forecast | $28.87B | $28.46B | $27.32B |
| High Forecast | $28.87B | $29.85B | $27.32B |
| Low Forecast | $28.87B | $27.08B | $27.32B |
| # Analysts | 1 | 2 | 1 |
| Surprise % | - | - | - |
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BHP Group EBITDA Forecast
| Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|
| # Analysts | 1 | 2 | 1 |
| EBITDA | - | - | - |
| Avg Forecast | $14.39B | $14.18B | $13.62B |
| High Forecast | $14.39B | $14.88B | $13.62B |
| Low Forecast | $14.39B | $13.49B | $13.62B |
| Surprise % | - | - | - |
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BHP Group Net Income Forecast
| Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|
| # Analysts | 1 | 2 | 1 |
| Net Income | - | - | - |
| Avg Forecast | $3.90B | $6.48B | $7.27B |
| High Forecast | $3.90B | $6.48B | $7.27B |
| Low Forecast | $3.90B | $6.48B | $7.27B |
| Surprise % | - | - | - |
BHP Group's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. BHP's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
BHP Group SG&A Forecast
| Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|
| # Analysts | 1 | 2 | 1 |
| SG&A | - | - | - |
| Avg Forecast | $2.59B | $2.56B | $2.46B |
| High Forecast | $2.59B | $2.68B | $2.46B |
| Low Forecast | $2.59B | $2.43B | $2.46B |
| Surprise % | - | - | - |
BHP Group's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to BHP last annual SG&A of $NaN (undefined).
BHP Group EPS Forecast
| Sep 24 | Jun 24 | Dec 23 | |
|---|---|---|---|
| # Analysts | 1 | 2 | 1 |
| EPS | - | - | - |
| Avg Forecast | $1.54 | $2.55 | $2.87 |
| High Forecast | $1.54 | $2.55 | $2.87 |
| Low Forecast | $1.54 | $2.55 | $2.87 |
| Surprise % | - | - | - |
According to undefined Wall Street analysts, BHP Group's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to BHP previous annual EPS of $NaN (undefined).
BHP Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LAC | Lithium Americas | $3.74 | $16.96 | 353.48% | Buy |
| VALE | Vale | $10.02 | $17.53 | 74.95% | Buy |
| RIO | Rio Tinto Group | $62.43 | $90.40 | 44.80% | Buy |
| MP | MP Materials | $18.02 | $23.57 | 30.80% | Buy |
| BHP | BHP Group | $52.68 | $47.80 | -9.26% | Hold |
| TECK | Teck Resources | $47.13 | $40.31 | -14.47% | Buy |
| PLL | Piedmont Lithium | $12.25 | $9.40 | -23.27% | Buy |