BHP Billiton (BHP) Upgraded to Sector Perform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of BHP Billiton (NYSE:BHP) from an underperform rating to a sector perform rating in a research note published on Tuesday morning, MarketBeat Ratings reports.

Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded BHP Billiton from a hold rating to a buy rating and set a $54.00 price objective on the stock in a research note on Tuesday, January 9th. Goldman Sachs upgraded BHP Billiton from a sell rating to a neutral rating in a research note on Wednesday, March 14th. JPMorgan Chase upgraded BHP Billiton from an underweight rating to a neutral rating in a research note on Thursday, December 14th. Investec upgraded BHP Billiton from a hold rating to a buy rating in a research note on Friday, March 9th. Finally, Cowen raised their price target on BHP Billiton from $45.00 to $52.00 and gave the company a market perform rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $39.37.

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Shares of NYSE BHP opened at $43.64 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.40 and a current ratio of 1.75. BHP Billiton has a 12-month low of $33.37 and a 12-month high of $50.79.

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 27th. Shareholders of record on Friday, March 9th were paid a $1.10 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from BHP Billiton’s previous Semi-Annual dividend of $0.86. This represents a yield of 4.73%. BHP Billiton’s dividend payout ratio (DPR) is currently 86.96%.

A number of institutional investors have recently bought and sold shares of the business. Opera Trading Capital purchased a new position in shares of BHP Billiton during the fourth quarter worth about $106,000. Trust Co. of Vermont grew its holdings 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 worth $197,000 after purchasing an additional 1,161 shares during the last quarter. BigSur Wealth Management LLC purchased a new position in shares of BHP Billiton during the fourth quarter worth about $203,000. Moors & Cabot Inc. purchased a new position in shares of BHP Billiton during the fourth quarter worth about $208,000. Finally, Sensato Investors LLC purchased a new position in shares of BHP Billiton during the fourth quarter worth about $222,000. Institutional investors own 3.21% of the company’s stock.

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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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