BHP Group PLC (NYSE:BBL) – Jefferies Financial Group lifted their FY2021 EPS estimates for BHP Group in a note issued to investors on Wednesday, June 12th. Jefferies Financial Group analyst C. Lafemina now anticipates that the mining company will post earnings per share of $4.34 for the year, up from their prior forecast of $4.22.
Several other equities analysts also recently weighed in on BBL. Zacks Investment Research upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, April 9th. UBS Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Societe Generale restated a “hold” rating on shares of BHP Group in a research report on Thursday, March 7th. Finally, Liberum Capital upgraded shares of BHP Group from a “sell” rating to a “buy” rating in a research report on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. BHP Group presently has a consensus rating of “Hold” and a consensus price target of $55.00.
Shares of BBL stock opened at $48.93 on Friday. The stock has a market capitalization of $50.92 billion, a PE ratio of 14.56, a PEG ratio of 3.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16. BHP Group has a one year low of $38.04 and a one year high of $50.97.
A number of institutional investors and hedge funds have recently made changes to their positions in BBL. Two Sigma Investments LP boosted its position in shares of BHP Group by 65.5% during the 4th quarter. Two Sigma Investments LP now owns 1,057,867 shares of the mining company’s stock valued at $44,314,000 after acquiring an additional 418,788 shares during the last quarter. Suntrust Banks Inc. increased its stake in BHP Group by 19.4% in the fourth quarter. Suntrust Banks Inc. now owns 63,456 shares of the mining company’s stock worth $2,658,000 after purchasing an additional 10,325 shares during the period. United Services Automobile Association grew its stake in BHP Group by 39.3% in the fourth quarter. United Services Automobile Association now owns 24,264 shares of the mining company’s stock valued at $1,016,000 after purchasing an additional 6,850 shares during the last quarter. Doyle Wealth Management purchased a new position in BHP Group in the fourth quarter valued at about $30,000. Finally, New York State Common Retirement Fund boosted its holdings in BHP Group by 19.0% in the fourth quarter. New York State Common Retirement Fund now owns 119,579 shares of the mining company’s stock worth $5,009,000 after acquiring an additional 19,079 shares in the last quarter. 4.63% of the stock is owned by institutional investors and hedge funds.
About BHP Group
BHP Group discovers, acquires, develops, and markets natural resources worldwide. 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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