BHP Billiton (BBL) Upgraded at Deutsche Bank

Deutsche Bank upgraded shares of BHP Billiton (NYSE:BBL) from a hold rating to a buy rating in a report released on Wednesday morning, MarketBeat reports.

Several other equities research analysts have also issued reports on the stock. Jefferies Group restated a hold rating and set a $38.00 price target on shares of BHP Billiton in a research note on Monday. Royal Bank of Canada upgraded shares of BHP Billiton from an underperform rating to a sector perform rating in a research note on Tuesday, April 3rd. ValuEngine lowered shares of BHP Billiton from a buy rating to a hold rating in a research note on Monday, April 2nd. Citigroup restated a neutral rating on shares of BHP Billiton in a research note on Wednesday, February 21st. Finally, Zacks Investment Research lowered shares of BHP Billiton from a buy rating to a hold rating in a research note on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $44.00.

NYSE:BBL opened at $41.09 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $42,958.08, a price-to-earnings ratio of 16.24, a PEG ratio of 2.31 and a beta of 1.21. BHP Billiton has a 52 week low of $28.73 and a 52 week high of $45.43.



The business also recently declared a None dividend, which was paid on Tuesday, March 27th. Stockholders of record on Friday, March 9th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a dividend yield of 5.31%. This is a positive change from BHP Billiton’s previous None dividend of $0.86. BHP Billiton’s dividend payout ratio (DPR) is presently 77.47%.

Hedge funds have recently modified their holdings of the company. SevenBridge Financial Group LLC purchased a new stake in shares of BHP Billiton during the 4th quarter worth approximately $105,000. Icon Wealth Partners LLC bought a new position in BHP Billiton in the 4th quarter worth approximately $138,000. Premia Global Advisors LLC bought a new position in BHP Billiton in the 4th quarter worth approximately $221,000. MML Investors Services LLC bought a new position in BHP Billiton in the 4th quarter worth approximately $345,000. Finally, Cubist Systematic Strategies LLC bought a new position in BHP Billiton in the 3rd quarter worth approximately $382,000. Institutional investors own 4.13% of the company’s stock.

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About BHP Billiton

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.

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