BHP Group (NYSE:BHP - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Tuesday.
A number of other research analysts have also commented on BHP. Jefferies Financial Group lowered shares of BHP Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Sanford C. Bernstein raised shares of BHP Group from a "market perform" rating to an "outperform" rating in a research note on Monday, September 16th. Finally, Argus raised shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $68.00.
Read Our Latest Report on BHP Group
BHP Group Stock Down 2.4 %
Shares of BHP traded down $1.27 during trading hours on Tuesday, reaching $51.19. 2,346,220 shares of the company traded hands, compared to its average volume of 2,458,540. The stock's fifty day moving average is $56.44 and its 200 day moving average is $56.34. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group has a 1-year low of $50.90 and a 1-year high of $69.11.
Institutional Trading of BHP Group
Several large investors have recently added to or reduced their stakes in BHP. Asset Dedication LLC grew its stake in BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock worth $26,000 after buying an additional 451 shares during the last quarter. Eastern Bank bought a new stake in BHP Group during the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BHP Group during the second quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group during the second quarter worth approximately $27,000. Finally, Sound Income Strategies LLC lifted its position in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company's stock worth $33,000 after purchasing an additional 294 shares in the last quarter. 3.79% of the stock is owned by institutional investors.
About BHP Group
(
Get Free Report)
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.
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