BHP Group (NYSE:BBL) Upgraded to “Neutral” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of BHP Group (NYSE:BBL) from an underweight rating to a neutral rating in a report released on Friday, Briefing.com Automated Import reports.

A number of other brokerages have also weighed in on BBL. UBS Group lowered shares of BHP Group from a buy rating to a neutral rating in a research note on Monday, April 22nd. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Finally, Liberum Capital raised shares of Rio Tinto from a sell rating to a buy rating in a research note on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $54.00.

BBL opened at $50.41 on Friday. The company has a market cap of $52.74 billion, a PE ratio of 15.00, a P/E/G ratio of 2.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55. BHP Group has a 12 month low of $38.04 and a 12 month high of $51.87. The company has a fifty day moving average price of $48.67.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its position in BHP Group by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 62,310 shares of the mining company’s stock valued at $3,185,000 after purchasing an additional 1,698 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in BHP Group during the first quarter worth approximately $1,678,000. Marshall Wace LLP acquired a new stake in BHP Group during the first quarter worth approximately $3,900,000. TT International acquired a new stake in BHP Group during the first quarter worth approximately $20,237,000. Finally, Citigroup Inc. grew its position in BHP Group by 666.9% during the first quarter. Citigroup Inc. now owns 799,263 shares of the mining company’s stock worth $38,588,000 after buying an additional 695,037 shares in the last quarter. 4.63% of the stock is currently owned by institutional investors.

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.

Read More: Gap Up Stocks

Analyst Recommendations for BHP Group (NYSE:BBL)

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.