Wall Street Zen Upgrades BHP Group (NYSE:BHP) to Buy

BHP Group (NYSE:BHP) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

BHP has been the topic of a number of other reports. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a report on Wednesday. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BHP Group currently has an average rating of “Hold” and an average target price of $56.00.

BHP Group Trading Up 2.5%

NYSE:BHP opened at $76.96 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. BHP Group has a 1-year low of $39.73 and a 1-year high of $77.04. The business’s 50-day moving average price is $66.30 and its two-hundred day moving average price is $59.19.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its position in BHP Group by 12.1% during the second quarter. Avantax Advisory Services Inc. now owns 143,182 shares of the mining company’s stock worth $6,886,000 after purchasing an additional 15,398 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in BHP Group by 24.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 113,979 shares of the mining company’s stock valued at $6,356,000 after buying an additional 22,388 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of BHP Group by 5.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 301,443 shares of the mining company’s stock valued at $14,496,000 after buying an additional 15,326 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of BHP Group by 1.9% in the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock valued at $1,098,484,000 after buying an additional 429,330 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of BHP Group by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 778,244 shares of the mining company’s stock worth $37,426,000 after acquiring an additional 96,585 shares during the period. 3.79% of the stock is currently owned by institutional investors.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.