BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $48.50 Average PT from Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $48.50.

BHP has been the subject of several research analyst reports. Argus cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Berenberg Bank restated a “sell” rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th.

Institutional Investors Weigh In On BHP Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BHP. Sowell Financial Services LLC purchased a new position in BHP Group in the 1st quarter valued at $280,000. Allspring Global Investments Holdings LLC grew its position in shares of BHP Group by 5.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company’s stock worth $654,000 after buying an additional 764 shares in the last quarter. Deutsche Bank AG lifted its stake in BHP Group by 160.0% during the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company’s stock worth $95,000 after purchasing an additional 1,200 shares during the last quarter. GAMMA Investing LLC boosted its holdings in BHP Group by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company’s stock valued at $141,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in BHP Group by 9.4% in the first quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company’s stock valued at $1,317,000 after buying an additional 2,333 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of NYSE:BHP opened at $53.83 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group has a one year low of $39.73 and a one year high of $63.21. The company’s fifty day moving average price is $50.71 and its 200-day moving average price is $49.46. The firm has a market capitalization of $136.51 billion, a price-to-earnings ratio of 12.24 and a beta of 0.80.

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.