BHP Billiton (BBL) Stock Rating Upgraded by ValuEngine

BHP Billiton (NYSE:BBL) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

BBL has been the topic of several other research reports. Barclays raised BHP Billiton from an “equal weight” rating to an “overweight” rating in a report on Friday, May 4th. Citigroup raised BHP Billiton from a “neutral” rating to a “buy” rating in a report on Friday, April 20th. Deutsche Bank lowered BHP Billiton from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Goldman Sachs raised BHP Billiton from a “neutral” rating to a “buy” rating in a report on Monday, April 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $44.00.

Shares of BHP Billiton opened at $46.96 on Wednesday, MarketBeat reports. The stock has a market cap of $48.85 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.58 and a beta of 1.21. BHP Billiton has a 1 year low of $46.80 and a 1 year high of $47.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.40 and a current ratio of 1.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in shares of BHP Billiton by 15.2% during the fourth quarter. Bank of New York Mellon Corp now owns 64,414 shares of the mining company’s stock worth $2,597,000 after buying an additional 8,518 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of BHP Billiton during the fourth quarter worth about $765,000. Crossmark Global Holdings Inc. grew its holdings in shares of BHP Billiton by 3.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 78,726 shares of the mining company’s stock worth $3,173,000 after buying an additional 2,772 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of BHP Billiton by 7.3% during the fourth quarter. Bank of Montreal Can now owns 62,390 shares of the mining company’s stock worth $2,514,000 after buying an additional 4,222 shares during the last quarter. Finally, Icon Wealth Partners LLC purchased a new position in shares of BHP Billiton during the fourth quarter worth about $138,000. 4.22% of the stock is currently owned by hedge funds and other institutional investors.

BHP Billiton Company Profile

BHP Billiton Plc, together with its subsidiaries, 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 ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BHP Billiton (NYSE:BBL)

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