BHP Group (NYSE:BHP) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, The Fly reports.
A number of other research firms have also recently commented on BHP. ValuEngine raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. JPMorgan Chase & Co. cut shares of BHP Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 6th. CLSA cut shares of BHP Group from an “outperform” rating to an “underperform” rating in a research report on Thursday, February 7th. Finally, Sanford C. Bernstein raised shares of BHP Group to a “buy” rating in a research report on Thursday, December 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. BHP Group presently has a consensus rating of “Hold” and a consensus target price of $49.50.
BHP stock opened at $54.17 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.51 and a debt-to-equity ratio of 0.40. BHP Group has a one year low of $43.10 and a one year high of $54.44.
Several institutional investors have recently made changes to their positions in the company. We Are One Seven LLC acquired a new position in BHP Group in the fourth quarter valued at about $32,000. Berman Capital Advisors LLC acquired a new position in BHP Group in the fourth quarter valued at about $33,000. Sontag Advisory LLC acquired a new position in BHP Group in the fourth quarter valued at about $37,000. Doyle Wealth Management acquired a new position in BHP Group in the fourth quarter valued at about $39,000. Finally, Legacy Financial Advisors Inc. raised its stake in BHP Group by 115.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 822 shares of the mining company’s stock valued at $40,000 after purchasing an additional 441 shares in the last quarter. 3.40% of the stock is owned by institutional investors.
About BHP Group
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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