Zacks Investment Research Lowers BHP Group (BBL) to Hold

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BHP Group (NYSE:BBL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “

BBL has been the subject of a number of other reports. UBS Group reiterated a “buy” rating on shares of BHP Group in a report on Wednesday, March 27th. Societe Generale reiterated a “hold” rating on shares of BHP Group in a report on Thursday, March 7th. Goldman Sachs Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, February 12th. Finally, ValuEngine upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. BHP Group currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Shares of BHP Group stock traded down $0.73 during trading on Monday, reaching $49.74. The company’s stock had a trading volume of 1,568,465 shares, compared to its average volume of 1,521,891. BHP Group has a 52-week low of $38.04 and a 52-week high of $50.97. The stock has a market capitalization of $52.63 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantitative Systematic Strategies LLC bought a new position in BHP Group in the 1st quarter worth $803,000. Bridge Creek Capital Management LLC raised its holdings in BHP Group by 3.4% in the 1st quarter. Bridge Creek Capital Management LLC now owns 32,910 shares of the mining company’s stock worth $1,589,000 after purchasing an additional 1,075 shares in the last quarter. Deutsche Bank AG raised its holdings in BHP Group by 644.4% in the 4th quarter. Deutsche Bank AG now owns 902,662 shares of the mining company’s stock worth $37,811,000 after purchasing an additional 781,401 shares in the last quarter. Liberty Wealth Management LLC bought a new position in BHP Group in the 4th quarter worth $43,000. Finally, Pinnacle Bank bought a new position in BHP Group in the 4th quarter worth $26,000. Institutional investors and hedge funds own 4.37% of the company’s stock.

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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Analyst Recommendations for BHP Group (NYSE:BBL)

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