FY2020 EPS Estimates for BHP Group Ltd (NYSE:BHP) Lifted by Jefferies Financial Group

Share on StockTwits

BHP Group Ltd (NYSE:BHP) – Equities research analysts at Jefferies Financial Group increased their FY2020 earnings estimates for BHP Group in a research note issued on Wednesday, June 12th. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will post earnings per share of $4.91 for the year, up from their previous estimate of $4.47.

A number of other research firms have also recently issued reports on BHP. Zacks Investment Research upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, April 9th. UBS Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 22nd. Macquarie restated a “buy” rating on shares of BHP Group in a research report on Tuesday, March 26th. Goldman Sachs Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. Finally, Societe Generale cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $64.00.

BHP stock opened at $54.97 on Friday. BHP Group has a 12-month low of $43.19 and a 12-month high of $57.25. The stock has a market capitalization of $89.08 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55.

Hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its position in shares of BHP Group by 13.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 152,661 shares of the mining company’s stock valued at $7,373,000 after buying an additional 18,245 shares during the period. Victory Capital Management Inc. purchased a new position in shares of BHP Group during the fourth quarter valued at about $8,879,000. CNB Bank purchased a new position in shares of BHP Group during the fourth quarter valued at about $40,000. Synovus Financial Corp increased its position in shares of BHP Group by 10.1% during the fourth quarter. Synovus Financial Corp now owns 2,422 shares of the mining company’s stock valued at $117,000 after buying an additional 222 shares during the period. Finally, Lindbrook Capital LLC purchased a new position in shares of BHP Group during the fourth quarter valued at about $185,000. Hedge funds and other institutional investors own 3.59% of the company’s stock.

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.

Further Reading: What is a Call Option?

Earnings History and Estimates 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.



Latest News

China Distance Education  Stock Rating Lowered by Zacks Investment Research
China Distance Education Stock Rating Lowered by Zacks Investment Research
Callon Petroleum  Stock Rating Reaffirmed by Northland Securities
Callon Petroleum Stock Rating Reaffirmed by Northland Securities
Canadian Pacific Railway  Rating Reiterated by Cowen
Canadian Pacific Railway Rating Reiterated by Cowen
CNX Resources  Lowered to “Sell” at Zacks Investment Research
CNX Resources Lowered to “Sell” at Zacks Investment Research
COSTAMARE INC/SH  Stock Rating Upgraded by Zacks Investment Research
COSTAMARE INC/SH Stock Rating Upgraded by Zacks Investment Research
Imperial Capital Lowers Callon Petroleum  Price Target to $11.00
Imperial Capital Lowers Callon Petroleum Price Target to $11.00


© 2006-2019 Ticker Report