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

Shares of BHP Group Limited (NYSE:BHP) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $53.00.

BHP has been the subject of a number of recent analyst reports. Argus raised BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th.

BHP Group Trading Down 0.6 %

NYSE BHP opened at $48.22 on Friday. BHP Group has a 12 month low of $48.10 and a 12 month high of $66.13. The stock has a 50-day simple moving average of $51.97 and a 200 day simple moving average of $54.63. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $122.27 billion, a PE ratio of 10.44 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Dedication LLC lifted its position in BHP Group by 7,516.7% in 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 in the last quarter. Eastern Bank bought a new stake in shares of BHP Group in the third quarter valued at about $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of BHP Group in the second quarter valued at about $27,000. Sound Income Strategies LLC boosted its position in shares of BHP Group by 124.6% during the third 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 period. Finally, Addison Advisors LLC raised its position in BHP Group by 1,187.0% in the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock valued at $34,000 after buying an additional 546 shares during the last quarter. 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.