Cushman & Wakefield Secures Contract Extension with BHP
Written by Emily J. Thompson, Senior Investment Analyst
Cushman & Wakefield (CWK) announced that its Global Occupier Services team has secured an off-market contract extension with BHP (BHP). The partnership spans 12 countries, 19 offices and over 1,466,000 square feet across Australia, Asia, North America, South America and the United Kingdom. Under the extended agreement, Cushman & Wakefield will provide an expanded range of services, including: Facilities Management; Workplace Experience; Workplace Change & Engagement; Workplace Design Standards; PMO / Occupancy Data & Analytics; Procurement; Lease Administration and Minor Transaction Management.
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Analyst Views on BHP
Wall Street analysts forecast BHP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BHP is 54.88 USD with a low forecast of 48.00 USD and a high forecast of 68.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
1 Hold
1 Sell
Hold
Current: 72.170
Low
48.00
Averages
54.88
High
68.00
Current: 72.170
Low
48.00
Averages
54.88
High
68.00
About BHP
BHP Group Limited is an Australia-based resources company. The Company is a producer of commodities, including iron ore, copper, nickel, potash and metallurgical (steelmaking) coal. It is focused on offering a range of resources, which provides copper for renewable energy; nickel for electric vehicles; potash for sustainable farming, and iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition. Its segments include Copper, Iron Ore, and Coal. Its Copper segment is engaged in mining of copper, silver, zinc, molybdenum, uranium, and gold. Its Iron Ore segment is engaged in mining of iron ore. Its Coal segment is engaged in mining of metallurgical coal and energy coal. The Company is also focused on operating Olympic Dam, Prominent Hill, and Carrapateena underground copper-gold mines in South Australia. Its operations are situated in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BHP Group Faces Up to $2 Billion Losses Due to Pricing Pressures
- Import Restrictions Impact: BHP Group faces potential losses of up to $2 billion due to China's restrictions on Jimblebar iron ore imports, primarily driven by widening discounts and plunging lump premiums, indicating a significant shift in market demand.
- Annual Contract Negotiations: The company is currently negotiating annual contract terms with China Mineral Resources Group (CMRG), which could lead to approximately $1 billion in annual losses from incremental discounts on its major iron ore fines products at spot prices.
- Lump Product Discounts: The 80% drop in premiums for Newman lump products adds another $1 billion in revenue pressure, reflecting intensified market competition and the challenges in maintaining pricing power.
- Market Strategy Adjustments: BHP stated it is optimizing product placement distribution channels and taking actions to preserve operational flexibility, which has impacted realized prices; however, the company remains committed to expanding sales in other markets, demonstrating resilience in facing challenges.
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