BHP Billiton (BHP) PT Set at $50.00 by Cowen

Cowen set a $50.00 target price on BHP Billiton (NYSE:BHP) in a research report released on Friday morning, MarketBeat reports. The firm currently has a market perform rating on the mining company’s stock.

Several other brokerages also recently weighed in on BHP. Sanford C. Bernstein downgraded BHP Billiton from an outperform rating to a market perform rating and lowered their price objective for the company from $49.55 to $47.00 in a research report on Monday, January 22nd. Zacks Investment Research upgraded BHP Billiton from a hold rating to a buy rating and set a $54.00 price objective for the company in a research report on Tuesday, January 9th. ValuEngine upgraded BHP Billiton from a hold rating to a buy rating in a research report on Friday, February 23rd. Deutsche Bank downgraded 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, Citigroup cut BHP Billiton from a buy rating to a neutral rating in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $39.37.

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Shares of BHP Billiton (NYSE BHP) opened at $44.82 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. BHP Billiton has a 12-month low of $33.37 and a 12-month high of $50.79.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 increased 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 buying an additional 1,161 shares during the period. BigSur Wealth Management LLC purchased a new position in shares of BHP Billiton during the fourth quarter valued at approximately $203,000. Moors & Cabot Inc. purchased a new position in shares of BHP Billiton during the fourth quarter valued at approximately $208,000. Finally, Sensato Investors LLC purchased a new stake in BHP Billiton in the fourth quarter worth $222,000. 3.21% of the stock is currently owned by hedge funds and other institutional investors.

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About BHP Billiton

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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