BHP Group (NYSE:BHP) Stock Rating Upgraded by JPMorgan Chase & Co.

BHP Group (NYSE:BHP) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Friday, The Fly reports.

Other equities research analysts also recently issued reports about the company. UBS Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a report on Monday, April 22nd. Zacks Investment Research downgraded Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Macquarie set a $6.00 price target on Cheetah Mobile and gave the stock a “sell” rating in a report on Tuesday, March 26th. Finally, Citigroup increased their price target on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.00.

NYSE:BHP opened at $57.24 on Friday. BHP Group has a 1-year low of $43.19 and a 1-year high of $59.02. The firm has a 50-day moving average of $55.34. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43.



Several institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of BHP Group by 0.5% in the fourth quarter. Bank of America Corp DE now owns 5,098,965 shares of the mining company’s stock worth $246,230,000 after acquiring an additional 26,000 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of BHP Group by 273.7% in the first quarter. Lazard Asset Management LLC now owns 2,540,159 shares of the mining company’s stock worth $138,870,000 after acquiring an additional 1,860,489 shares in the last quarter. Millennium Management LLC increased its holdings in shares of BHP Group by 405.6% in the fourth quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock worth $88,844,000 after acquiring an additional 1,475,921 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of BHP Group by 2.0% during the first quarter. Parametric Portfolio Associates LLC now owns 1,792,376 shares of the mining company’s stock worth $97,989,000 after buying an additional 34,717 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of BHP Group during the first quarter worth about $56,537,000. 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: Capital Gains

The Fly

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.