BHP Billiton Limited (BHP) Receives Consensus Recommendation of “Hold” from Analysts

BHP Billiton Limited (NYSE:BHP) has been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $39.32.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised 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. ValuEngine downgraded BHP Billiton from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, JPMorgan Chase & Co. raised BHP Billiton from an “underweight” rating to a “neutral” rating in a research note on Thursday, December 14th.

BHP Billiton (NYSE:BHP) opened at $48.84 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47. BHP Billiton has a one year low of $33.37 and a one year high of $49.18. The firm has a market capitalization of $123,440.00, a P/E ratio of 22.10, a P/E/G ratio of 3.33 and a beta of 1.14.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHP. Bank of New York Mellon Corp grew its holdings in BHP Billiton by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 66,601 shares of the mining company’s stock valued at $2,371,000 after buying an additional 393 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in BHP Billiton by 26.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,950 shares of the mining company’s stock valued at $639,000 after buying an additional 3,709 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in BHP Billiton in the 2nd quarter valued at approximately $231,000. Eagle Asset Management Inc. grew its holdings in BHP Billiton by 11.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 8,662 shares of the mining company’s stock valued at $308,000 after buying an additional 889 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in BHP Billiton by 5.2% in the 2nd quarter. Financial Counselors Inc. now owns 5,896 shares of the mining company’s stock valued at $210,000 after buying an additional 294 shares during the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

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BHP Billiton Company Profile

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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