BHP Billiton (BHP) PT Raised to $44.21

BHP Billiton (NYSE:BHP) had its price target boosted by BNP Paribas from $33.37 to $44.21 in a report issued on Tuesday, Marketbeat.com reports. BNP Paribas currently has a neutral rating on the mining company’s stock.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded BHP Billiton from a hold rating to a buy rating and set a $54.00 price target for the company in a research report on Tuesday, January 9th. Investec upgraded BHP Billiton from a hold rating to a buy rating in a research report on Friday, March 9th. ValuEngine upgraded BHP Billiton from a hold rating to a buy rating in a research report on Friday, February 23rd. Deutsche Bank lowered BHP Billiton from a buy rating to a hold rating in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein lowered BHP Billiton from an outperform rating to a market perform rating and dropped their price target for the stock from $49.55 to $47.00 in a research report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. BHP Billiton has a consensus rating of Hold and a consensus target price of $39.62.

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BHP Billiton (NYSE BHP) opened at $44.00 on Tuesday. BHP Billiton has a 12-month low of $33.37 and a 12-month high of $50.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.40.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Friday, March 9th will be given a dividend of $1.10 per share. This represents a dividend yield of 4.73%. The ex-dividend date is Thursday, March 8th. This is a positive change from BHP Billiton’s previous Semi-Annual dividend of $0.86.

Large investors have recently made changes to their positions in the business. Opera Trading Capital purchased a new position in shares of BHP Billiton during the fourth quarter valued at approximately $106,000. Trust Co. of Vermont raised its stake in shares of BHP Billiton by 37.2% during the fourth quarter. Trust Co. of Vermont now owns 4,278 shares of the mining company’s stock valued at $197,000 after acquiring an additional 1,161 shares in the last quarter. BigSur Wealth Management LLC bought a new stake in shares of BHP Billiton during the fourth quarter valued at approximately $203,000. Moors & Cabot Inc. bought a new stake in shares of BHP Billiton during the fourth quarter valued at approximately $208,000. Finally, Sensato Investors LLC bought a new stake in shares of BHP Billiton during the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 3.21% of the company’s stock.

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BHP Billiton Company Profile

BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

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