BHP Group Ltd (NYSE:BHP) – Analysts at Jefferies Financial Group upped their FY2019 earnings estimates for shares of BHP Group in a research note issued to investors on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina now forecasts that the mining company will earn $3.52 per share for the year, up from their prior estimate of $3.44. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for BHP Group’s FY2020 earnings at $3.74 EPS.
Several other analysts have also issued reports on BHP. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, November 22nd. JPMorgan Chase & Co. lowered BHP Group from an “overweight” rating to a “neutral” rating in a report on Thursday, December 6th. Deutsche Bank upgraded BHP Group to a “buy” rating in a report on Thursday, December 20th. Sanford C. Bernstein upgraded BHP Group to a “buy” rating in a report on Thursday, December 20th. Finally, ValuEngine upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.50.
Shares of NYSE:BHP opened at $52.12 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43. BHP Group has a 1 year low of $43.10 and a 1 year high of $54.73. The firm has a market cap of $84.81 billion, a P/E ratio of 15.51, a PEG ratio of 2.69 and a beta of 0.80.
The business also recently announced a special dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th will be issued a dividend of $1.10 per share. The ex-dividend date is Thursday, March 7th. This represents a yield of 4.65%. BHP Group’s dividend payout ratio (DPR) is currently 65.48%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. We Are One Seven LLC bought a new position in BHP Group during the fourth quarter valued at about $32,000. Berman Capital Advisors LLC bought a new position in shares of BHP Group in the fourth quarter worth about $33,000. Sontag Advisory LLC bought a new position in shares of BHP Group in the fourth quarter worth about $37,000. Doyle Wealth Management bought a new position in shares of BHP Group in the fourth quarter worth about $39,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of BHP Group in the fourth quarter worth about $39,000. Institutional investors own 3.75% of the company’s stock.
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.
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