BHP Group's (BHP) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• BHP Group's stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings, following previous downgrades by analysts from firms like Macquarie and Argus.
• The company currently has an average rating of "Hold" from analysts, with a consensus target price set at $48.50.
• BHP Group's market cap stands at $142.18 billion, with its shares trading at approximately $56.02 during recent trading sessions.

BHP Group (NYSE:BHP - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the company. Macquarie lowered BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 price target on shares of BHP Group in a research note on Thursday, July 24th. BMO Capital Markets downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Finally, Citigroup reiterated a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $48.50.

BHP Group Price Performance

NYSE:BHP traded up $0.82 during mid-day trading on Wednesday, hitting $56.02. 4,256,991 shares of the company's stock traded hands, compared to its average volume of 3,007,040. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The firm's 50 day simple moving average is $54.09 and its 200 day simple moving average is $50.66. BHP Group has a 1 year low of $39.73 and a 1 year high of $59.56. The company has a market cap of $142.18 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 3.96 and a beta of 0.80.

Hedge Funds Weigh In On BHP Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Costello Asset Management INC purchased a new position in BHP Group in the first quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new position in BHP Group in the 1st quarter worth approximately $27,000. Caldwell Trust Co purchased a new position in BHP Group in the 2nd quarter worth approximately $31,000. Compagnie Lombard Odier SCmA acquired a new position in shares of BHP Group during the first quarter worth $32,000. Finally, Hilltop National Bank acquired a new position in shares of BHP Group during the second quarter worth $32,000. Institutional investors and hedge funds own 3.79% of the company's stock.

About BHP Group

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.

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