Investment Analysts’ Recent Ratings Updates for BHP Group (BHP)

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BHP Group (NYSE: BHP) recently received a number of ratings updates from brokerages and research firms:

  • 2/7/2019 – BHP Group was downgraded by analysts at CLSA from an “outperform” rating to an “underperform” rating.
  • 2/4/2019 – BHP Group was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/30/2019 – BHP Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “BHP Billiton is poised to gain from its focus on investment plans across iron ore, copper, coal and petroleum. The company is also trying to make its operations more efficient on the back of smarter technology adoption across the entire value chain. Over the last year, BHP Billiton’s shares have outperformed the industry. BHP has sold its onshore U.S. assets for $10.8 billion, to simplify and strengthen its portfolio and generate shareholder returns. Moreover, strong cash flow position, lower debt levels and higher operational efficacy will likely strengthen BHP Billiton’s competency. However, an oversupply situation in the mining market will likely hurt the company’s near-term results.”
  • 1/28/2019 – BHP Group was upgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to a “buy” rating.
  • 1/24/2019 – BHP Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “BHP Billiton’s productivity gains guidance is at approximately $1 billion for financial year 2019, with strong momentum carried into financial year 2020. This guidance is lowered from $2 billion over the two years to the end of financial year 2019. This is due to the announced divestments of Onshore US and Cerro Colorado, a reduction of $200 million related to forecasting productivity improvements as these assets are no longer included in the guidance. Also, modified assumptions in respect of the pace of productivity uplift over the two year period at Queensland Coal, a reduction of approximately $700 million, following the challenging operating conditions at the Broadmeadow and Blackwater mines during financial year 2018. In the short term, supply growth from seaborne high-quality iron ore suppliers and ample low grade inventories at Chinese ports are expected to put a cap on iron-ore prices. “
  • 1/14/2019 – BHP Group was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating.
  • 1/8/2019 – BHP Group was downgraded by analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating.
  • 1/2/2019 – BHP Group was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/20/2018 – BHP Group was upgraded by analysts at Sanford C. Bernstein to a “buy” rating.
  • 12/20/2018 – BHP Group was upgraded by analysts at Deutsche Bank AG to a “buy” rating.

Shares of BHP stock traded up $0.07 during trading hours on Monday, hitting $50.77. 84,841 shares of the company were exchanged, compared to its average volume of 2,192,716. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51. BHP Group Ltd has a one year low of $43.10 and a one year high of $52.62. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.62 and a beta of 0.82.

The firm also recently announced a dividend, which was paid on Wednesday, January 30th. Shareholders of record on Friday, January 11th were issued a $2.04 dividend. The ex-dividend date was Thursday, January 10th. This is a boost from BHP Group’s previous dividend of $0.32. BHP Group’s dividend payout ratio (DPR) is currently 75.00%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC lifted its holdings in BHP Group by 62.1% in the third quarter. Belpointe Asset Management LLC now owns 8,712 shares of the mining company’s stock worth $434,000 after acquiring an additional 3,338 shares during the last quarter. Renaissance Technologies LLC bought a new position in BHP Group in the third quarter worth about $12,445,000. Athos Capital Ltd bought a new position in BHP Group in the third quarter worth about $2,105,000. FNY Investment Advisers LLC bought a new position in BHP Group in the third quarter worth about $498,000. Finally, Blair William & Co. IL lifted its holdings in BHP Group by 82.9% in the third quarter. Blair William & Co. IL now owns 17,927 shares of the mining company’s stock worth $893,000 after acquiring an additional 8,125 shares during the last quarter. 3.42% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. 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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