BHP Group Limited (NYSE:BHP) Given Consensus Rating of “Moderate Buy” by Brokerages

BHP Group Limited (NYSE:BHP) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $68.00.

BHP has been the topic of several analyst reports. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Jefferies Financial Group downgraded 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 note on Friday, October 4th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th.

Institutional Investors Weigh In On BHP Group

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares during the period. Franklin Resources Inc. grew its holdings in shares of BHP Group by 17.4% during the 3rd quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company’s stock worth $18,807,000 after purchasing an additional 46,791 shares in the last quarter. Peapack Gladstone Financial Corp increased its position in shares of BHP Group by 13.0% during the third quarter. Peapack Gladstone Financial Corp now owns 59,502 shares of the mining company’s stock valued at $3,695,000 after purchasing an additional 6,863 shares during the period. Synovus Financial Corp raised its stake in shares of BHP Group by 18.7% in the third quarter. Synovus Financial Corp now owns 7,423 shares of the mining company’s stock valued at $461,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in BHP Group by 21.8% in the third quarter. Tidal Investments LLC now owns 141,455 shares of the mining company’s stock worth $8,786,000 after purchasing an additional 25,342 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Up 0.8 %

NYSE:BHP opened at $49.21 on Friday. The company has a market capitalization of $124.78 billion, a P/E ratio of 10.65 and a beta of 0.95. The stock’s 50 day moving average price is $52.47 and its 200 day moving average price is $54.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a 52 week low of $48.68 and a 52 week high of $67.48.

About BHP Group

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.