Jefferies Financial Group Analysts Raise Earnings Estimates for BHP Group PLC (NYSE:BBL)

BHP Group PLC (NYSE:BBL) – Equities research analysts at Jefferies Financial Group increased their FY2019 EPS estimates for BHP Group in a research note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will post earnings per share of $3.72 for the year, up from their previous forecast of $3.70. Jefferies Financial Group also issued estimates for BHP Group’s FY2020 earnings at $5.05 EPS and FY2021 earnings at $4.66 EPS.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Liberum Capital raised Rio Tinto from a “sell” rating to a “buy” rating in a research report on Friday, May 17th. Finally, UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.00.

Shares of BHP Group stock opened at $49.90 on Wednesday. The stock’s fifty day moving average is $48.32. The firm has a market capitalization of $52.44 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.61 and a beta of 0.87. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43. BHP Group has a 12-month low of $38.04 and a 12-month high of $51.87.

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of BHP Group by 19.3% during the fourth quarter. Bank of America Corp DE now owns 1,690,364 shares of the mining company’s stock worth $70,809,000 after purchasing an additional 273,014 shares during the period. Northern Trust Corp raised its position in shares of BHP Group by 4.5% during the fourth quarter. Northern Trust Corp now owns 1,551,944 shares of the mining company’s stock worth $65,011,000 after purchasing an additional 67,179 shares during the period. Two Sigma Investments LP raised its position in shares of BHP Group by 65.5% during the fourth quarter. Two Sigma Investments LP now owns 1,057,867 shares of the mining company’s stock worth $44,314,000 after purchasing an additional 418,788 shares during the period. Deutsche Bank AG raised its position in shares of BHP Group by 644.4% during the fourth quarter. Deutsche Bank AG now owns 902,662 shares of the mining company’s stock worth $37,811,000 after purchasing an additional 781,401 shares during the period. Finally, Two Sigma Advisers LP raised its position in BHP Group by 67.6% during the fourth quarter. Two Sigma Advisers LP now owns 880,200 shares of the mining company’s stock valued at $36,872,000 after buying an additional 355,000 shares during the period. 4.63% of the stock is currently owned by institutional investors.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Earnings History and Estimates for BHP Group (NYSE:BBL)

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