BHP Group (NYSE:BHP) Lowered to “Hold” Rating by Wall Street Zen

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

Several other research analysts have also recently weighed in on BHP. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Argus set a $95.00 target price on shares of BHP Group in a report on Monday, April 27th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, Sanford C. Bernstein lowered their target price on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.33.

BHP Group Trading Up 3.3%

BHP stock opened at $90.90 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 has a 50 day moving average price of $82.72 and a 200 day moving average price of $72.43. BHP Group has a fifty-two week low of $45.74 and a fifty-two week high of $93.70.

Institutional Trading of BHP Group

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in BHP Group by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock worth $727,000 after acquiring an additional 150 shares during the period. Bailard Inc. grew its holdings in shares of BHP Group by 1.4% in the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock valued at $748,000 after buying an additional 174 shares during the period. Addison Advisors LLC grew its holdings in shares of BHP Group by 31.8% in the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after buying an additional 181 shares during the period. Naviter Wealth LLC grew its holdings in shares of BHP Group by 0.4% in the 3rd quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock valued at $2,827,000 after buying an additional 191 shares during the period. Finally, Persium Advisors LLC grew its holdings in shares of BHP Group by 1.3% in the 1st quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock valued at $1,127,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds 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.