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

BHP has been the topic of several other research reports. JPMorgan Chase & Co. raised BHP Billiton from a “neutral” rating to an “overweight” rating in a report on Thursday, June 7th. Zacks Investment Research raised BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, July 3rd. Deutsche Bank downgraded BHP Billiton from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Investec downgraded BHP Billiton from a “buy” rating to a “hold” rating in a report on Friday, June 15th. Finally, Bank of America downgraded BHP Billiton from a “buy” rating to a “neutral” rating in a report on Tuesday, June 5th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BHP Billiton currently has a consensus rating of “Hold” and an average price target of $49.20.

NYSE:BHP opened at $45.47 on Friday. BHP Billiton has a 52-week low of $39.92 and a 52-week 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 firm has a market cap of $71.73 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.47 and a beta of 1.17.

Hedge funds have recently bought and sold shares of the company. Private Capital Group LLC lifted 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 lifted its stake 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 valued at $148,000 after purchasing an additional 1,669 shares during the period. JJJ Advisors Inc. acquired a new position in shares of BHP Billiton in the 2nd quarter valued at $200,000. Knowledge Leaders Capital LLC acquired a new position in shares of BHP Billiton in the 2nd quarter valued at $200,000. Finally, Burney Co. acquired a new position in shares of BHP Billiton in the 2nd quarter valued at $209,000. 3.33% of the stock is currently owned by institutional investors.

BHP Billiton Company Profile

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.

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Analyst Recommendations for BHP Billiton (NYSE:BHP)

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