BHP Billiton (BHP) Upgraded at ValuEngine
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.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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