BHP Group's (BHP) "Neutral" Rating Reaffirmed at Citigroup

Key Points

• Citigroup has reiterated a "neutral" rating for BHP Group, which is also reflected by several other analysts adjusting their ratings downward in recent months.
• The current consensus rating for BHP Group is "Hold" with a target price of $48.50.
• BHP Group's stock opened at $53.81, with a market capitalization of $136.46 billion and a PE ratio of 12.23.

BHP Group (NYSE:BHP - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at Citigroup in a note issued to investors on Wednesday, Marketbeat.com reports.

A number of other analysts have also recently commented on the stock. Berenberg Bank restated a "sell" rating and set a $44.00 target price on shares of BHP Group in a report on Thursday, July 24th. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. BMO Capital Markets downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Macquarie lowered BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.50.

BHP Group Stock Performance

BHP traded down $0.1650 during trading on Wednesday, hitting $55.7850. 1,254,464 shares of the company traded hands, compared to its average volume of 2,984,994. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm has a market cap of $141.46 billion, a P/E ratio of 12.69 and a beta of 0.80. BHP Group has a one year low of $39.73 and a one year high of $63.21. The stock's fifty day moving average is $51.23 and its 200 day moving average is $49.66.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC boosted its position in BHP Group by 3.4% during the second quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company's stock worth $266,000 after purchasing an additional 184 shares in the last quarter. TT Capital Management LLC lifted its position in shares of BHP Group by 3.5% during the second quarter. TT Capital Management LLC now owns 5,617 shares of the mining company's stock worth $270,000 after purchasing an additional 190 shares during the last quarter. Invesco Ltd. grew its position in shares of BHP Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after acquiring an additional 198 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of BHP Group by 10.1% during the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock valued at $114,000 after buying an additional 216 shares during the last quarter. Finally, Palogic Value Management L.P. raised its stake in BHP Group by 0.3% during the 2nd quarter. Palogic Value Management L.P. now owns 85,132 shares of the mining company's stock valued at $4,094,000 after acquiring an additional 245 shares in the last quarter. 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.