BHP Group (NYSE:BHP) Rating Lowered to Neutral at Macquarie

BHP Group (NYSE:BHP) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Friday, MarketBeat.com reports.

Several other analysts have also commented on the stock. Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Sanford C. Bernstein lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Trading Up 0.3%

Shares of BHP Group stock opened at $51.83 on Friday. The stock has a market cap of $131.43 billion, a P/E ratio of 11.78 and a beta of 0.80. The stock’s 50 day simple moving average is $49.54 and its 200-day simple moving average is $49.00. BHP Group has a 1-year low of $39.73 and a 1-year high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

Institutional Trading of BHP Group

Several institutional investors have recently made changes to their positions in BHP. WFA Asset Management Corp purchased a new stake in BHP Group in the first quarter valued at approximately $26,000. Costello Asset Management INC purchased a new stake in BHP Group in the first quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new stake in BHP Group in the first quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of BHP Group during the first quarter worth $32,000. Finally, Allianz SE purchased a new stake in shares of BHP Group during the fourth quarter worth $51,000. Hedge funds and other institutional investors 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.