BHP Group Ltd (NYSE:BHP) Receives $64.00 Average Price Target from Analysts

Shares of BHP Group Ltd (NYSE:BHP) have earned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $64.00.

Several research firms have commented on BHP. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Citigroup downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 1st. UBS Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. upgraded BHP Group from an “underweight” rating to a “neutral” rating in a research report on Friday, July 12th. Finally, ValuEngine downgraded BHP Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in BHP Group by 26.1% in the fourth quarter. Geode Capital Management LLC now owns 21,896 shares of the mining company’s stock valued at $1,056,000 after purchasing an additional 4,528 shares during the period. Norges Bank purchased a new stake in BHP Group in the fourth quarter valued at approximately $31,842,000. Manning & Napier Group LLC grew its holdings in BHP Group by 3.5% in the first quarter. Manning & Napier Group LLC now owns 157,182 shares of the mining company’s stock valued at $8,593,000 after purchasing an additional 5,343 shares during the period. Pacer Advisors Inc. grew its holdings in BHP Group by 4.9% in the first quarter. Pacer Advisors Inc. now owns 99,770 shares of the mining company’s stock valued at $5,454,000 after purchasing an additional 4,686 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in BHP Group by 1.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 143,490 shares of the mining company’s stock valued at $7,845,000 after purchasing an additional 1,470 shares during the period. Institutional investors own 3.65% of the company’s stock.

BHP Group stock traded down $1.02 during trading hours on Thursday, hitting $49.98. The stock had a trading volume of 2,132,786 shares, compared to its average volume of 1,790,482. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $81.91 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 2.80 and a beta of 0.82. BHP Group has a one year low of $43.19 and a one year high of $59.02. The business has a 50 day moving average of $56.25.

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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Analyst Recommendations for BHP Group (NYSE:BHP)

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