BHP Group (NYSE:BHP) Stock Rating Lowered by Zacks Research

BHP Group (NYSE:BHP) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other analysts also recently commented on the stock. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.00.

BHP Group Price Performance

Shares of NYSE BHP opened at $83.56 on Wednesday. BHP Group has a twelve month low of $49.68 and a twelve month high of $93.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The firm has a 50-day moving average of $84.85 and a two-hundred day moving average of $77.62.

Institutional Trading of BHP Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC raised its position in BHP Group by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock valued at $1,412,807,000 after buying an additional 252,825 shares during the period. Morgan Stanley boosted its position in BHP Group by 22.8% during the 4th quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after acquiring an additional 2,562,747 shares during the period. Bank of America Corp DE grew its stake in BHP Group by 25.2% during the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after acquiring an additional 697,316 shares in the last quarter. Northern Trust Corp grew its stake in BHP Group by 5.3% during the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock valued at $136,228,000 after acquiring an additional 123,382 shares in the last quarter. Finally, SIH Partners LLLP increased its holdings in shares of BHP Group by 937.5% in the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after purchasing an additional 1,677,739 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.