BHP Billiton Limited (BHP) Receives $36.38 Consensus PT from Analysts

Shares of BHP Billiton Limited (NYSE:BHP) have been given a consensus rating of “Hold” by the twenty brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $36.38.

A number of research firms have recently issued reports on BHP. Exane BNP Paribas downgraded BHP Billiton from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. BNP Paribas downgraded BHP Billiton from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised BHP Billiton from a “sell” rating to a “hold” rating in a research report on Tuesday. Raymond James Financial downgraded BHP Billiton from a “market perform” rating to an “underperform” rating in a research report on Friday, September 1st. Finally, Royal Bank of Canada downgraded BHP Billiton from a “sector perform” rating to an “underperform” rating in a research report on Thursday, August 31st. They noted that the move was a valuation call.

BHP Billiton (NYSE:BHP) traded down $0.33 on Friday, hitting $43.29. The stock had a trading volume of 1,662,746 shares, compared to its average volume of 2,685,816. BHP Billiton has a fifty-two week low of $33.37 and a fifty-two week high of $44.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85.

Several hedge funds and other institutional investors have recently modified their holdings of BHP. JPMorgan Chase & Co. lifted its stake in shares of BHP Billiton by 170.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 598,805 shares of the mining company’s stock worth $24,245,000 after purchasing an additional 377,242 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of BHP Billiton by 34.7% during the 3rd quarter. Jennison Associates LLC now owns 911,838 shares of the mining company’s stock worth $36,957,000 after purchasing an additional 235,101 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of BHP Billiton by 12.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,329,420 shares of the mining company’s stock worth $53,881,000 after purchasing an additional 146,127 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of BHP Billiton by 6,136.1% during the 2nd quarter. Quantbot Technologies LP now owns 144,803 shares of the mining company’s stock worth $5,153,000 after purchasing an additional 142,481 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of BHP Billiton during the 3rd quarter worth $5,397,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

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About BHP Billiton

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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