Brokerages Set BHP Group Limited Sponsored ADR (NYSE:BHP) Price Target at $48.50

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $48.50.

A number of research analysts have recently issued reports on the company. Macquarie downgraded BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Saturday, September 27th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Argus downgraded BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Finally, BMO Capital Markets lowered BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th.

BHP Group Stock Down 0.1%

Shares of NYSE:BHP opened at $55.43 on Wednesday. The company has a market capitalization of $140.68 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The business’s 50-day moving average is $53.97 and its 200-day moving average is $50.58. BHP Group has a 1 year low of $39.73 and a 1 year high of $61.03.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were given a $1.185 dividend. This represents a yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. BHP Group’s dividend payout ratio is presently 53.86%.

Institutional Trading of BHP Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in BHP Group in the 1st quarter valued at about $26,000. WFA Asset Management Corp bought a new stake in BHP Group in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management bought a new stake in BHP Group in the 1st quarter valued at about $27,000. Compagnie Lombard Odier SCmA bought a new stake in BHP Group in the 1st quarter valued at about $32,000. Finally, Caldwell Trust Co bought a new stake in BHP Group during the 2nd quarter worth approximately $31,000. 3.79% of the stock is owned by institutional investors.

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.