Brokerages Set BHP Group Limited (NYSE:BHP) PT at $68.00

by · The Markets Daily

Shares of BHP Group Limited (NYSE:BHP – Get Free Report) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $68.00.

A number of brokerages recently commented on BHP. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th.

View Our Latest Research Report on BHP

Institutional Investors Weigh In On BHP Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Highline Wealth Partners LLC acquired a new stake in shares of BHP Group during the 3rd quarter valued at approximately $628,000. Pathway Financial Advisers LLC increased its stake in shares of BHP Group by 5,577.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company’s stock worth $16,376,000 after purchasing an additional 259,022 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in shares of BHP Group by 2.5% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 11,396 shares of the mining company’s stock worth $708,000 after purchasing an additional 275 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new position in shares of BHP Group during the 3rd quarter worth approximately $50,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of BHP Group by 53.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the mining company’s stock worth $127,000 after purchasing an additional 700 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of NYSE:BHP opened at $56.44 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 company has a market cap of $142.96 billion, a P/E ratio of 11.96, a PEG ratio of 3.95 and a beta of 0.96. BHP Group has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a 50-day moving average price of $56.19 and a 200 day moving average price of $56.82.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a dividend of $1.465 per share. This represents a dividend yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. BHP Group’s dividend payout ratio (DPR) is presently 62.08%.

BHP Group Company Profile

(Get Free Report

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.

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