BHP Group (NYSE:BHP) Upgraded by DZ Bank to Hold Rating

BHP Group (NYSE:BHP) was upgraded by stock analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Bank of America lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Sanford C. Bernstein lowered their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Monday, April 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.33.

BHP Group Stock Performance

Shares of BHP Group stock opened at $88.98 on Thursday. BHP Group has a 52-week low of $45.74 and a 52-week high of $91.45. The company has a fifty day moving average of $79.02 and a 200-day moving average of $70.12. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44.

Institutional Trading of BHP Group

Several institutional investors have recently bought and sold shares of BHP. Bayban purchased a new stake in BHP Group during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in BHP Group during the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in BHP Group during the 4th quarter valued at about $26,000. Sound Income Strategies LLC grew its position in BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after purchasing an additional 291 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its position in BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after purchasing an additional 416 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

About BHP Group

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.