BHP Group (BHP) Downgraded to Underperform at CLSA

BHP Group (NYSE:BHP) was downgraded by analysts at CLSA from an “outperform” rating to an “underperform” rating in a report issued on Thursday, The Fly reports.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, October 11th. JPMorgan Chase & Co. lowered BHP Group from an “overweight” rating to a “neutral” rating in a report on Thursday, December 6th. Deutsche Bank raised BHP Group to a “buy” rating in a report on Thursday, December 20th. Sanford C. Bernstein raised BHP Group to a “buy” rating in a report on Thursday, December 20th. Finally, ValuEngine raised BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $48.25.

Shares of BHP stock traded down $0.54 during trading hours on Thursday, hitting $50.47. 2,238,183 shares of the company were exchanged, compared to its average volume of 2,215,299. The company has a market cap of $81.83 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. BHP Group has a fifty-two week low of $43.10 and a fifty-two week high of $52.62. The company has a quick ratio of 2.24, a current ratio of 2.51 and a debt-to-equity ratio of 0.40.

Large investors have recently bought and sold shares of the stock. We Are One Seven LLC purchased a new stake in BHP Group in the 4th quarter worth approximately $32,000. Legacy Financial Advisors Inc. grew its stake in BHP Group by 115.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 822 shares of the mining company’s stock worth $40,000 after acquiring an additional 441 shares during the period. CNB Bank purchased a new stake in BHP Group in the 4th quarter worth approximately $40,000. Cornerstone Advisors Inc. grew its stake in BHP Group by 59.5% in the 4th quarter. Cornerstone Advisors Inc. now owns 962 shares of the mining company’s stock worth $46,000 after acquiring an additional 359 shares during the period. Finally, Essex Savings Bank purchased a new stake in BHP Group in the 4th quarter worth approximately $73,000. 3.41% of the stock is currently owned by hedge funds and other institutional investors.

About BHP Group

BHP Group Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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