ValuEngine Upgrades BHP Billiton (BHP) to “Hold”

Share on StockTwits

BHP Billiton (NYSE:BHP) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts have also issued reports on the company. Deutsche Bank lowered BHP Billiton from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Investec lowered BHP Billiton from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. JPMorgan Chase & Co. upgraded BHP Billiton from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 7th. Finally, Bank of America lowered BHP Billiton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 5th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $49.20.

Shares of BHP opened at $45.47 on Friday. BHP Billiton has a 12-month low of $39.92 and a 12-month high of $52.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51. The stock has a market cap of $71.73 billion, a P/E ratio of 13.53, a PEG ratio of 2.47 and a beta of 1.17.

Hedge funds have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its stake in shares of BHP Billiton by 1,157.5% in the 1st quarter. Private Capital Group LLC now owns 2,515 shares of the mining company’s stock valued at $112,000 after purchasing an additional 2,315 shares during the period. Parallel Advisors LLC boosted its holdings in shares of BHP Billiton by 128.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,966 shares of the mining company’s stock worth $148,000 after acquiring an additional 1,669 shares in the last quarter. JJJ Advisors Inc. acquired a new position in shares of BHP Billiton in the 2nd quarter worth approximately $200,000. Knowledge Leaders Capital LLC acquired a new position in shares of BHP Billiton in the 2nd quarter worth approximately $200,000. Finally, Burney Co. acquired a new position in shares of BHP Billiton in the 2nd quarter worth approximately $209,000. Institutional investors own 3.33% of the company’s stock.

About BHP Billiton

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.

Featured Article: Market Capitalization and Individual Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

Receive News & Ratings for BHP Billiton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Atrium Mortgage Investment  Hits New 1-Year High at $13.85
Atrium Mortgage Investment Hits New 1-Year High at $13.85
ValuEngine Upgrades BHP Billiton  to “Hold”
ValuEngine Upgrades BHP Billiton to “Hold”
Reviewing Cardiovascular Systems  and Haemonetics
Reviewing Cardiovascular Systems and Haemonetics
Ceragon Networks  vs. NTT Docomo  Head to Head Review
Ceragon Networks vs. NTT Docomo Head to Head Review
Short Interest in Celgene Co.  Decreases By 22.9%
Short Interest in Celgene Co. Decreases By 22.9%
Hilton Hotels Co. Common Stock  Rating Increased to Buy at ValuEngine
Hilton Hotels Co. Common Stock Rating Increased to Buy at ValuEngine


Leave a Reply

© 2006-2018 Ticker Report. Google+.