BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Average Recommendation of "Hold" from Analysts

Key Points

• BHP Group Limited has received an average broker rating of "Hold", with one sell, five hold, and one strong buy recommendations among seven analysts covering the firm.
• The average 12-month price target for BHP shares is $48.50, reflecting general caution among analysts on the stock's performance.
• Recent institutional investments show increases in stakes, with Wellington Management and Goldman Sachs raising their holdings by 1.2% and 43.0%, respectively.

BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $48.50.

A number of equities analysts recently weighed in on BHP shares. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. BMO Capital Markets cut 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 price target on shares of BHP Group in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th.

BHP Group Price Performance

Shares of BHP traded down $1.00 during trading hours on Tuesday, reaching $53.74. 1,329,015 shares of the company's stock traded hands, compared to its average volume of 2,977,320. The stock has a market cap of $136.26 billion, a PE ratio of 12.20 and a beta of 0.80. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group has a 12 month low of $39.73 and a 12 month high of $63.21. The firm's 50 day simple moving average is $50.63 and its 200-day simple moving average is $49.43.

Institutional Trading of BHP Group

Hedge funds have recently bought and sold shares of the company. WFA Asset Management Corp purchased a new stake in BHP Group in the first quarter worth about $26,000. Costello Asset Management INC purchased a new position in BHP Group during the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new position in BHP Group during the 1st quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA purchased a new position in BHP Group during the 1st quarter valued at approximately $32,000. Finally, Hilltop National Bank bought a new stake in shares of BHP Group in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

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.