BHP Group (BHP) Downgraded by Goldman Sachs Group

BHP Group (NYSE:BHP) was downgraded by investment 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 analysts also recently issued reports on the company. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Tuesday, February 12th. CLSA downgraded BHP Group from an “outperform” rating to an “underperform” rating in a research note on Thursday, February 7th. JPMorgan Chase & Co. downgraded BHP Group from a “neutral” rating to an “underweight” rating in a research note on Monday, February 4th. They noted that the move was a valuation call. Jefferies Financial Group upgraded BHP Group from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. Finally, Deutsche Bank downgraded BHP Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. BHP Group presently has an average rating of “Hold” and a consensus target price of $49.50.

Shares of NYSE:BHP traded up $0.45 during mid-day trading on Tuesday, reaching $53.21. 157,634 shares of the stock were exchanged, compared to its average volume of 2,418,466. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51. The company has a market cap of $84.67 billion, a PE ratio of 15.85, a PEG ratio of 2.56 and a beta of 0.82. BHP Group has a one year low of $43.10 and a one year high of $52.79.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BHP. We Are One Seven LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at approximately $32,000. Berman Capital Advisors LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at approximately $33,000. Sontag Advisory LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at approximately $37,000. Doyle Wealth Management acquired a new stake in BHP Group during the 4th quarter worth approximately $39,000. Finally, Legacy Financial Advisors Inc. lifted its holdings in BHP Group by 115.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 822 shares of the mining company’s stock worth $40,000 after purchasing an additional 441 shares during the last quarter. 3.42% of the stock is owned by institutional investors.

BHP Group Company Profile

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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