BHP Group (NYSE:BHP) Stock Rating Lowered by StockNews.com

BHP Group (NYSE:BHP) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

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

BHP Group Stock Performance

NYSE:BHP opened at $49.75 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The firm has a market cap of $126.14 billion, a price-to-earnings ratio of 11.15 and a beta of 0.95. The firm’s fifty day moving average price is $50.39 and its 200 day moving average price is $53.68. BHP Group has a 1-year low of $48.06 and a 1-year high of $63.21.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BHP. Hourglass Capital LLC lifted its stake in shares of BHP Group by 2.2% during the 4th quarter. Hourglass Capital LLC now owns 79,266 shares of the mining company’s stock worth $3,871,000 after purchasing an additional 1,700 shares during the period. Principal Securities Inc. increased its stake in BHP Group by 15.4% in the fourth quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock valued at $381,000 after purchasing an additional 1,043 shares during the last quarter. BXM Wealth LLC purchased a new position in BHP Group during the fourth quarter worth about $286,000. Rhumbline Advisers lifted its position in BHP Group by 3.4% during the fourth quarter. Rhumbline Advisers now owns 18,846 shares of the mining company’s stock worth $920,000 after buying an additional 628 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in BHP Group in the 4th quarter worth about $7,655,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Company Profile

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.