Zacks Investment Research upgraded shares of BHP Billiton (NYSE:BBL) from a hold rating to a buy rating in a report published on Tuesday, December 19th. Zacks Investment Research currently has $43.00 price objective on the mining company’s stock.
According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “
Several other research analysts have also recently weighed in on the stock. Jefferies Group set a $38.00 price target on shares of BHP Billiton and gave the stock a hold rating in a research note on Thursday, October 5th. BidaskClub upgraded shares of BHP Billiton from a hold rating to a buy rating in a research note on Saturday, August 26th. Finally, ValuEngine downgraded shares of BHP Billiton from a strong-buy rating to a buy rating in a research report on Thursday, August 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $41.50.
Shares of BHP Billiton (BBL) traded up $1.03 during trading on Tuesday, hitting $44.25. 1,665,671 shares of the stock traded hands, compared to its average volume of 1,534,634. The stock has a market cap of $126,160.00, a PE ratio of 20.02, a PEG ratio of 2.93 and a beta of 1.05. BHP Billiton has a 1-year low of $28.73 and a 1-year high of $44.25. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47.
Hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of BHP Billiton by 2.9% during the 2nd quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock valued at $300,000 after purchasing an additional 275 shares during the period. Cowen Inc. bought a new stake in shares of BHP Billiton during the 2nd quarter valued at $2,442,000. BlueCrest Capital Management Ltd raised its position in shares of BHP Billiton by 106.2% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 129,401 shares of the mining company’s stock valued at $3,980,000 after purchasing an additional 66,632 shares during the period. Leucadia National Corp raised its position in shares of BHP Billiton by 38.3% during the 2nd quarter. Leucadia National Corp now owns 300,601 shares of the mining company’s stock valued at $9,246,000 after purchasing an additional 83,201 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of BHP Billiton by 20.3% during the 2nd quarter. Janus Henderson Group PLC now owns 155,214 shares of the mining company’s stock valued at $4,774,000 after purchasing an additional 26,200 shares during the period. Hedge funds and other institutional investors own 4.39% of the company’s stock.
TRADEMARK VIOLATION WARNING: “BHP Billiton (NYSE:BBL) Upgraded to Buy by Zacks Investment Research” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/11/bhp-billiton-bbl-upgraded-by-zacks-investment-research-to-buy.html.
About BHP Billiton
BHP Billiton Plc 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.
Get a free copy of the Zacks research report on BHP Billiton (BBL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.