Sanford C. Bernstein Upgrades BHP Group (NYSE:BHP) to Outperform

BHP Group (NYSE:BHP) was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat reports.

Other equities analysts have also issued research reports about the stock. Citigroup assumed coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating for the company. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

BHP Group Trading Down 0.2 %

Shares of BHP stock opened at $53.46 on Monday. BHP Group has a one year low of $50.90 and a one year high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $54.43 and a 200 day moving average price of $56.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Asset Dedication LLC boosted its stake in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BHP Group in the 2nd quarter worth about $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of BHP Group in the 2nd quarter worth about $27,000. Rise Advisors LLC bought a new position in shares of BHP Group in the 1st quarter worth about $29,000. Finally, WFA Asset Management Corp bought a new position in shares of BHP Group in the 1st quarter worth about $31,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.