StockNews.com Lowers BHP Group (NYSE:BHP) to Buy

StockNews.com downgraded shares of BHP Group (NYSE:BHPGet Rating) from a strong-buy rating to a buy rating in a report published on Wednesday.

BHP has been the subject of several other reports. The Goldman Sachs Group downgraded shares of BHP Group from a buy rating to a neutral rating in a report on Wednesday, July 13th. JPMorgan Chase & Co. dropped their price objective on BHP Group from GBX 2,510 ($30.33) to GBX 2,440 ($29.48) in a research note on Wednesday, July 20th. Barclays decreased their target price on BHP Group from GBX 2,700 ($32.62) to GBX 2,400 ($29.00) in a research note on Wednesday, May 25th. UBS Group dropped their price target on BHP Group from GBX 2,100 ($25.37) to GBX 2,050 ($24.77) in a research report on Wednesday, July 20th. Finally, Citigroup raised BHP Group from a neutral rating to a buy rating in a research report on Thursday, April 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, BHP Group presently has an average rating of Hold and a consensus price target of $1,770.35.

BHP Group Stock Up 0.7 %

BHP opened at $55.76 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.71 and a current ratio of 1.92. The business has a 50 day moving average price of $55.83 and a 200 day moving average price of $64.88. BHP Group has a twelve month low of $47.35 and a twelve month high of $79.66.

Institutional Trading of BHP Group

Several institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC boosted its holdings in BHP Group by 116.7% during the first quarter. Fisher Asset Management LLC now owns 16,904,899 shares of the mining company’s stock valued at $1,305,903,000 after purchasing an additional 9,102,674 shares in the last quarter. Harding Loevner LP lifted its position in shares of BHP Group by 2.5% during the 1st quarter. Harding Loevner LP now owns 15,497,864 shares of the mining company’s stock worth $1,016,260,000 after buying an additional 371,203 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in BHP Group by 119.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock valued at $798,672,000 after buying an additional 5,632,545 shares in the last quarter. Dimensional Fund Advisors LP grew its position in BHP Group by 136.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,937,000 shares of the mining company’s stock valued at $226,884,000 after acquiring an additional 1,696,427 shares during the period. Finally, Franklin Resources Inc. raised its stake in BHP Group by 53.7% during the second quarter. Franklin Resources Inc. now owns 2,302,142 shares of the mining company’s stock worth $129,334,000 after acquiring an additional 804,469 shares in the last quarter. 6.73% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Company Profile

(Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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