BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• BHP Group has a consensus “Hold” rating from 10 analysts: seven recommend holding, two recommend buying, and one gives a strong-buy rating. The average 12-month price target is $78.00.
• Analyst views have recently softened, including downgrades from Zacks Research and Wall Street Zen, while Bank of America cut its price target to $91.00 and maintained a neutral rating.
• BHP shares opened at $97.13, near their 52-week high of $97.27, and well above their 50-day and 200-day moving averages. Institutional investors and hedge funds own 3.79% of the stock.

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) have been assigned a consensus rating of "Hold" from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $78.00.

Several equities research analysts have weighed in on BHP shares. Zacks Research lowered shares of BHP Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of BHP Group in a research report on Thursday, July 2nd. Argus set a $95.00 price objective on BHP Group in a research note on Monday, April 27th. Wall Street Zen lowered BHP Group from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Bank of America decreased their target price on BHP Group from $93.00 to $91.00 and set a "neutral" rating for the company in a research note on Monday, June 22nd.

Hedge Funds Weigh In On BHP Group

Institutional investors and hedge funds have recently modified their holdings of the business. Bayban bought a new stake in BHP Group during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new position in BHP Group in the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in BHP Group in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC boosted its holdings in shares of BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company's stock valued at $31,000 after buying an additional 416 shares during the period. Finally, Addison Advisors LLC boosted its holdings in shares of BHP Group by 31.8% in the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company's stock valued at $45,000 after buying an additional 181 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP Group stock opened at $97.13 on Friday. The company's 50 day simple moving average is $85.48 and its 200 day simple moving average is $80.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.28. BHP Group has a fifty-two week low of $51.83 and a fifty-two week high of $97.27.

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.

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