BHP Group Limited (NYSE:BHP) Receives $68.00 Consensus Price Target from Analysts

Shares of BHP Group Limited (NYSE:BHP) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.00.

A number of brokerages have recently issued reports on BHP. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group reduced their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th.

BHP Group Stock Performance

NYSE:BHP opened at $48.22 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $51.97 and a 200 day moving average price of $54.63. The firm has a market capitalization of $122.27 billion, a PE ratio of 10.44 and a beta of 0.95. BHP Group has a 12-month low of $48.10 and a 12-month high of $66.13.

Hedge Funds Weigh In On BHP Group

A number of institutional investors and hedge funds have recently bought and sold shares of BHP. Pinnacle West Asset Management Inc. lifted its position in BHP Group by 2.6% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after buying an additional 200 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after purchasing an additional 203 shares during the last quarter. Huntington National Bank increased its holdings in shares of BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after purchasing an additional 203 shares in the last quarter. Altman Advisors Inc. increased its stake in shares of BHP Group by 1.0% in the 2nd quarter. Altman Advisors Inc. now owns 24,721 shares of the mining company’s stock valued at $1,411,000 after buying an additional 242 shares during the period. Finally, First Horizon Advisors Inc. increased its position in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after purchasing an additional 263 shares during the period. 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.