Wall Street Zen Upgrades BHP Group (NYSE:BHP) to “Buy”

BHP Group (NYSE:BHP) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other research analysts have also issued reports about the stock. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, December 30th. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.00.

BHP Group Price Performance

NYSE:BHP opened at $76.96 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $66.30 and its 200 day moving average price is $59.08. BHP Group has a 1-year low of $39.73 and a 1-year high of $77.04.

Institutional Trading of BHP Group

Several institutional investors and hedge funds have recently made changes to their positions in BHP. Hilton Head Capital Partners LLC acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in BHP Group in the 4th quarter valued at $26,000. Sound Income Strategies LLC lifted its stake in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares during the period. Caldwell Trust Co acquired a new stake in shares of BHP Group during the second quarter worth $31,000. Finally, Salomon & Ludwin LLC boosted its stake in BHP Group by 3,040.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after buying an additional 669 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.