BHP Group (NYSE:BHP) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of BHP Group (NYSE:BHP – Free Report) from a hold rating to a buy rating in a research report report published on Sunday.

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Friday, July 17th. Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. Finally, The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $78.00.

View Our Latest Stock Analysis on BHP Group

BHP Group Price Performance

Shares of BHP opened at $90.08 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The company’s fifty day simple moving average is $84.85 and its 200 day simple moving average is $79.66. BHP Group has a 1-year low of $51.83 and a 1-year high of $93.83.

Hedge Funds Weigh In On BHP Group

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

BHP Group Company Profile

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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.

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