BHP Group (NYSE:BHP) Downgraded to Buy Rating by StockNews.com

BHP Group (NYSE:BHP) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Separately, Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Up 2.0 %

BHP Group stock opened at $49.75 on Friday. The firm has a market capitalization of $126.14 billion, a P/E ratio of 11.15 and a beta of 0.95. The stock’s fifty day simple moving average is $50.39 and its 200-day simple moving average is $53.68. BHP Group has a twelve month low of $48.06 and a twelve month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Institutional Trading of BHP Group

A number of institutional investors have recently bought and sold shares of the business. Eastern Bank purchased a new stake in BHP Group during the third quarter worth approximately $26,000. Sound Income Strategies LLC lifted its position in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after buying an additional 294 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of BHP Group in the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA purchased a new position in shares of BHP Group in the 4th quarter valued at $46,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in BHP Group during the 3rd quarter worth $50,000. 3.79% of the stock is 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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.