BHP Group (NYSE:BHP) Downgraded by ValuEngine

BHP Group (NYSE:BHP) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, April 9th. Citigroup lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Wednesday, May 1st. UBS Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. upgraded shares of BHP Group from an “underweight” rating to a “neutral” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.00.

NYSE BHP traded down $0.88 during trading hours on Thursday, hitting $52.05. The company’s stock had a trading volume of 2,117,796 shares, compared to its average volume of 1,468,777. The stock has a fifty day moving average of $56.91. BHP Group has a twelve month low of $43.19 and a twelve month high of $59.02. The firm has a market cap of $88.22 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 2.81 and a beta of 0.82. 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 institutional investors and hedge funds have recently bought and sold shares of BHP. Geode Capital Management LLC raised its holdings in BHP Group by 26.1% in the fourth quarter. Geode Capital Management LLC now owns 21,896 shares of the mining company’s stock worth $1,056,000 after purchasing an additional 4,528 shares during the period. Norges Bank acquired a new stake in BHP Group in the fourth quarter worth $31,842,000. Segantii Capital Management Ltd raised its holdings in BHP Group by 1,008.6% in the first quarter. Segantii Capital Management Ltd now owns 283,800 shares of the mining company’s stock worth $15,474,000 after purchasing an additional 258,200 shares during the period. Dorsey Wright & Associates acquired a new stake in BHP Group in the first quarter worth $3,850,000. Finally, Lenox Wealth Advisors LLC raised its holdings in BHP Group by 50.1% in the first quarter. Lenox Wealth Advisors LLC now owns 1,648 shares of the mining company’s stock worth $90,000 after purchasing an additional 550 shares during the period. Institutional investors own 3.65% of the company’s stock.

About BHP Group

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BHP Group (NYSE:BHP)

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