BHP Group (NYSE:BHP) Downgraded to "Hold" Rating by Argus

BHP Group (NYSE:BHP - Get Free Report) was downgraded by equities researchers at Argus from a "buy" rating to a "hold" rating in a report released on Friday, Marketbeat reports.

A number of other equities research analysts have also recently weighed in on BHP. Wall Street Zen cut BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Clarkson Capital raised BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $53.00.

BHP Group Price Performance

BHP Group stock traded down $1.31 during trading hours on Friday, hitting $48.50. 2,710,905 shares of the stock were exchanged, compared to its average volume of 2,553,956. The stock has a market capitalization of $122.98 billion, a P/E ratio of 11.02 and a beta of 0.82. The business's 50-day moving average is $48.18 and its two-hundred day moving average is $49.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group has a 12 month low of $39.73 and a 12 month high of $63.21.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. WFA Asset Management Corp bought a new position in BHP Group in the 1st quarter valued at $26,000. Costello Asset Management INC acquired a new position in shares of BHP Group during the first quarter valued at $26,000. Alpine Bank Wealth Management bought a new position in BHP Group in the first quarter valued at about $27,000. Sierra Ocean LLC acquired a new stake in BHP Group in the fourth quarter worth about $29,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in BHP Group in the first quarter worth about $32,000. 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.