BHP Group (NYSE:BHP) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of BHP Group (NYSE:BHP) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

BHP has been the topic of a number of other reports. Citigroup cut BHP Group from a buy rating to a neutral rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised BHP Group from an underweight rating to a neutral rating in a research report on Friday, July 12th. Zacks Investment Research raised BHP Group from a hold rating to a buy rating and set a $64.00 price target on the stock in a research report on Tuesday, April 9th. Finally, UBS Group cut BHP Group from a buy rating to a neutral rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. BHP Group has an average rating of Hold and an average target price of $64.00.

Shares of BHP traded down $0.88 during mid-day trading on Thursday, reaching $52.05. The company had a trading volume of 2,117,796 shares, compared to its average volume of 1,468,777. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16. The stock’s 50-day moving average is $56.91. BHP Group has a 52 week low of $43.19 and a 52 week high of $59.02. The stock has a market capitalization of $88.22 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82.

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Sense Advisors Inc. purchased a new stake in shares of BHP Group in the 2nd quarter worth $2,445,000. Envestnet Asset Management Inc. increased its stake in shares of BHP Group by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 86,548 shares of the mining company’s stock worth $5,029,000 after purchasing an additional 9,151 shares in the last quarter. Wright Investors Service Inc. increased its stake in shares of BHP Group by 7.1% in the 2nd quarter. Wright Investors Service Inc. now owns 12,775 shares of the mining company’s stock worth $742,000 after purchasing an additional 848 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of BHP Group in the 2nd quarter worth $212,000. Finally, Advisory Services Network LLC increased its stake in shares of BHP Group by 2.7% in the 2nd quarter. Advisory Services Network LLC now owns 27,087 shares of the mining company’s stock worth $1,574,000 after purchasing an additional 704 shares in the last quarter. 3.65% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for BHP Group (NYSE:BHP)

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