BHP Group (NYSE:BHP) Raised to “Buy” at Wall Street Zen

BHP Group (NYSE:BHP) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Wednesday. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Finally, Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and an average price target of $56.00.

BHP Group Trading Up 2.5%

NYSE BHP opened at $76.96 on Friday. BHP Group has a one year low of $39.73 and a one year high of $77.04. The company’s 50 day moving average price is $66.30 and its 200 day moving average price is $59.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.65.

Hedge Funds Weigh In On BHP Group

Several large investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC bought a new stake in BHP Group in the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of BHP Group in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC increased its holdings in shares of BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of BHP Group during the 2nd quarter valued at approximately $31,000. Finally, Salomon & Ludwin LLC lifted its stake in BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after purchasing an additional 669 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Company Profile

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.