BHP Group (BHP) Lowered to Underperform at CLSA

CLSA downgraded shares of BHP Group (NYSE:BHP) from an outperform rating to an underperform rating in a research report report published on Thursday morning, Marketbeat.com reports.

Several other equities analysts have also issued reports on BHP. Zacks Investment Research upgraded shares of BHP Group from a hold rating to a buy rating and set a $53.00 target price for the company in a report on Thursday, October 11th. JPMorgan Chase & Co. lowered shares of BHP Group from an overweight rating to a neutral rating in a report on Thursday, December 6th. Deutsche Bank upgraded shares of BHP Group to a buy rating in a report on Thursday, December 20th. Sanford C. Bernstein upgraded shares of BHP Group to a buy rating in a report on Thursday, December 20th. Finally, ValuEngine upgraded shares of BHP Group from a sell rating to a hold rating in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. BHP Group presently has an average rating of Hold and an average price target of $48.25.

BHP stock opened at $50.70 on Thursday. BHP Group has a 52-week low of $43.10 and a 52-week high of $52.62. The company has a market cap of $81.42 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82. The company has a quick ratio of 2.24, a current ratio of 2.51 and a debt-to-equity ratio of 0.40.

The company also recently declared a dividend, which was paid on Wednesday, January 30th. Investors of record on Friday, January 11th were given a dividend of $2.04 per share. The ex-dividend date of this dividend was Thursday, January 10th. This is an increase from BHP Group’s previous dividend of $0.32. BHP Group’s dividend payout ratio (DPR) is 75.00%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Doyle Wealth Management bought a new stake in shares of BHP Group during the fourth quarter valued at approximately $39,000. Athos Capital Ltd increased its position in shares of BHP Group by 85.8% during the fourth quarter. Athos Capital Ltd now owns 78,482 shares of the mining company’s stock valued at $3,790,000 after acquiring an additional 36,243 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of BHP Group by 8.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 68,175 shares of the mining company’s stock valued at $3,292,000 after acquiring an additional 5,375 shares in the last quarter. Vicus Capital increased its position in shares of BHP Group by 3.1% during the fourth quarter. Vicus Capital now owns 167,177 shares of the mining company’s stock valued at $8,073,000 after acquiring an additional 5,103 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new stake in shares of BHP Group during the fourth quarter valued at approximately $185,000. 3.41% of the stock is owned by institutional investors.

BHP Group Company Profile

BHP Group Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. 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.

Featured Story: SEC Filing

Analyst Recommendations for BHP Group (NYSE:BHP)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit