BHP Group (NYSE:BHP) Rating Increased to Buy at Wall Street Zen

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

A number of other equities analysts have also issued reports on BHP. Sanford C. Bernstein reduced their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research report on Monday, March 9th. Bank of America cut their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a report on Friday, May 15th. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $69.50.

BHP Group Price Performance

Shares of NYSE:BHP opened at $81.05 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. BHP Group has a 52-week low of $47.73 and a 52-week high of $93.83. The business has a 50-day moving average price of $84.76 and a 200-day moving average price of $74.56.

Hedge Funds Weigh In On BHP Group

A number of large investors have recently bought and sold shares of the business. Bayban acquired a new stake in BHP Group in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC raised its stake in shares of BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after buying an additional 416 shares during the period. Sound Income Strategies LLC raised its stake in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after buying an additional 291 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of BHP Group during the 4th quarter valued at approximately $26,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of BHP Group during the 4th quarter valued at approximately $26,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

About BHP Group

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.