BHP Group (NYSE:BHP) Rating Lowered to “Hold” at Wall Street Zen

BHP Group (NYSE:BHP) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities analysts have also weighed in on the company. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and an average price target of $78.00.

BHP Group Price Performance

Shares of BHP Group stock opened at $97.13 on Friday. The stock’s fifty day moving average is $85.48 and its 200-day moving average is $80.87. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. BHP Group has a 12-month low of $51.83 and a 12-month high of $97.27.

Hedge Funds Weigh In On BHP Group

A number of large investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in BHP Group by 1.3% in the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock valued at $727,000 after buying an additional 150 shares during the period. Affinity Capital Advisors LLC lifted its holdings in shares of BHP Group by 4.1% during the 2nd quarter. Affinity Capital Advisors LLC now owns 3,822 shares of the mining company’s stock worth $320,000 after acquiring an additional 152 shares during the period. Williams & Novak LLC lifted its holdings in shares of BHP Group by 3.7% during the 2nd quarter. Williams & Novak LLC now owns 4,862 shares of the mining company’s stock worth $405,000 after acquiring an additional 173 shares during the period. Bailard Inc. lifted its holdings in shares of BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after acquiring an additional 174 shares during the period. Finally, Addison Advisors LLC boosted its position in shares of BHP Group by 31.8% during the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

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.