BHP Group (NYSE:BHP) Stock Rating Upgraded by Zacks Research

BHP Group (NYSE:BHP) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Argus set a $95.00 price objective on shares of BHP Group in a report on Monday, April 27th. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Bank of America decreased their price target on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Sanford C. Bernstein cut their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.50.

BHP Group Price Performance

Shares of BHP stock opened at $80.66 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The business’s 50-day moving average price is $84.69 and its 200-day moving average price is $74.36. BHP Group has a 12 month low of $46.42 and a 12 month high of $93.83.

Institutional Trading of BHP Group

Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in BHP Group by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock worth $727,000 after purchasing an additional 150 shares during the last quarter. Bailard Inc. boosted its stake in shares of BHP Group by 1.4% in the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock valued at $748,000 after purchasing an additional 174 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of BHP Group by 31.8% in the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after purchasing an additional 181 shares during the last quarter. Persium Advisors LLC increased its position in shares of BHP Group by 1.3% during the first quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock worth $1,127,000 after buying an additional 196 shares during the period. Finally, AlTi Global Inc. increased its position in shares of BHP Group by 5.3% during the fourth quarter. AlTi Global Inc. now owns 3,976 shares of the mining company’s stock worth $240,000 after buying an additional 200 shares during the period. 3.79% of the stock is currently owned by 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.