News stories about BHP Billiton (NYSE:BHP) have trended somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BHP Billiton earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the mining company an impact score of 45.7783107432469 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of BHP Billiton (NYSE:BHP) opened at $47.83 on Friday. BHP Billiton has a fifty-two week low of $33.37 and a fifty-two week high of $50.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53.
Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein cut shares of BHP Billiton from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $49.55 to $47.00 in a research note on Monday, January 22nd. Zacks Investment Research cut shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. upgraded shares of BHP Billiton from an “underweight” rating to a “neutral” rating in a research note on Thursday, December 14th. Finally, Cowen increased their price objective on shares of BHP Billiton from $45.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 10th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $38.97.
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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.
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