BHP Group Limited (NYSE:BHP) Given Average Rating of “Moderate Buy” by Brokerages

BHP Group Limited (NYSE:BHP) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $53.00.

A number of analysts recently commented on BHP shares. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group lowered their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday.

Institutional Investors Weigh In On BHP Group

Hedge funds have recently modified their holdings of the stock. Pinnacle West Asset Management Inc. increased its position in BHP Group by 2.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after purchasing an additional 200 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after buying an additional 203 shares during the period. Huntington National Bank increased its holdings in shares of BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after buying an additional 203 shares during the last quarter. Altman Advisors Inc. raised its position in shares of BHP Group by 1.0% in the 2nd quarter. Altman Advisors Inc. now owns 24,721 shares of the mining company’s stock worth $1,411,000 after buying an additional 242 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after acquiring an additional 263 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP Group stock opened at $48.74 on Friday. BHP Group has a fifty-two week low of $48.06 and a fifty-two week high of $64.85. The company has a market capitalization of $123.59 billion, a price-to-earnings ratio of 10.55 and a beta of 0.95. The stock has a fifty day moving average of $51.68 and a two-hundred day moving average of $54.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Company Profile

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