BHP Group (NYSE:BBL) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Friday, Briefing.com Automated Import reports.
Several other brokerages have also weighed in on BBL. Liberum Capital raised Rio Tinto from a “sell” rating to a “buy” rating in a report on Friday, May 17th. UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $54.00.
Shares of NYSE:BBL traded up $0.08 during trading on Friday, hitting $49.98. 18,601 shares of the stock were exchanged, compared to its average volume of 901,999. BHP Group has a 1-year low of $38.04 and a 1-year high of $51.87. The stock has a market capitalization of $52.97 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.87. The company has a fifty day moving average price of $48.32. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43.
A number of hedge funds have recently made changes to their positions in BBL. Bank of America Corp DE increased its holdings in BHP Group by 19.3% in the fourth quarter. Bank of America Corp DE now owns 1,690,364 shares of the mining company’s stock valued at $70,809,000 after purchasing an additional 273,014 shares during the last quarter. Northern Trust Corp grew its stake in BHP Group by 4.5% in the fourth quarter. Northern Trust Corp now owns 1,551,944 shares of the mining company’s stock valued at $65,011,000 after acquiring an additional 67,179 shares during the period. Two Sigma Investments LP grew its stake in BHP Group by 65.5% in the fourth 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 period. Deutsche Bank AG grew its stake in BHP Group by 644.4% in the fourth quarter. Deutsche Bank AG now owns 902,662 shares of the mining company’s stock valued at $37,811,000 after acquiring an additional 781,401 shares during the period. Finally, Two Sigma Advisers LP grew its stake in BHP Group by 67.6% in the fourth quarter. Two Sigma Advisers LP now owns 880,200 shares of the mining company’s stock valued at $36,872,000 after acquiring an additional 355,000 shares during the period. 4.63% of the stock is currently owned by institutional investors and hedge funds.
BHP Group Company Profile
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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