BHP Billiton Limited (BHP) Given Consensus Recommendation of “Hold” by Analysts
BHP Billiton Limited (NYSE:BHP) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $47.00.
Several equities research analysts have recently weighed in on BHP shares. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research report on Tuesday, September 25th. ValuEngine raised shares of BHP Billiton from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Finally, Deutsche Bank cut shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Monday, September 10th.
Shares of BHP traded down $0.69 during mid-day trading on Friday, hitting $47.79. The company’s stock had a trading volume of 2,157,900 shares, compared to its average volume of 2,510,672. BHP Billiton has a 52-week low of $40.19 and a 52-week high of $52.62. The stock has a market capitalization of $80.04 billion, a PE ratio of 14.23, a PEG ratio of 2.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51.
A number of large investors have recently bought and sold shares of BHP. Private Capital Group LLC increased its stake in BHP Billiton by 1,157.5% during 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 in the last quarter. Parallel Advisors LLC increased its stake in BHP Billiton by 128.7% during 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 in the last quarter. Summit Trail Advisors LLC increased its stake in BHP Billiton by 4,776.7% during the 1st quarter. Summit Trail Advisors LLC now owns 161,905 shares of the mining company’s stock valued at $162,000 after purchasing an additional 158,585 shares in the last quarter. Knowledge Leaders Capital LLC acquired a new position in BHP Billiton during the 2nd quarter valued at approximately $200,000. Finally, JJJ Advisors Inc. acquired a new position in BHP Billiton during the 2nd quarter valued at approximately $200,000. 3.32% of the stock is owned by institutional investors.
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 ore, as well as metallurgical and energy coal, and oil and gas properties.
Featured Story: Buyback For Investors Defined
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.