BHP Billiton (BBL) Earns Hold Rating from Jefferies Group

Jefferies Group reiterated their hold rating on shares of BHP Billiton (NYSE:BBL) in a report released on Monday morning. The brokerage currently has a $38.00 price target on the mining company’s stock. Jefferies Group also issued estimates for BHP Billiton’s FY2018 earnings at $3.15 EPS, FY2019 earnings at $2.59 EPS and FY2020 earnings at $2.70 EPS.

BBL has been the subject of a number of other research reports. ValuEngine downgraded shares of BHP Billiton from a buy rating to a hold rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded BHP Billiton from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Tuesday, December 19th. Deutsche Bank cut BHP Billiton from a buy rating to a hold rating in a report on Wednesday, February 21st. Royal Bank of Canada upgraded BHP Billiton from an underperform rating to a sector perform rating in a report on Tuesday, April 3rd. Finally, Citigroup reiterated a neutral rating on shares of BHP Billiton in a report on Wednesday, February 21st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. BHP Billiton has an average rating of Hold and a consensus price target of $44.00.

NYSE BBL opened at $41.14 on Monday. BHP Billiton has a 12 month low of $28.73 and a 12 month high of $45.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.40. The stock has a market cap of $42,958.08, a PE ratio of 16.26, a P/E/G ratio of 2.31 and a beta of 1.21.



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

Large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in BHP Billiton by 5.9% in the 4th quarter. First Trust Advisors LP now owns 23,445 shares of the mining company’s stock worth $945,000 after acquiring an additional 1,299 shares during the period. D L Carlson Investment Group Inc. boosted its stake in shares of BHP Billiton by 1.9% during the 4th quarter. D L Carlson Investment Group Inc. now owns 88,690 shares of the mining company’s stock valued at $3,574,000 after buying an additional 1,635 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of BHP Billiton by 5.2% during the 4th quarter. Suntrust Banks Inc. now owns 48,777 shares of the mining company’s stock valued at $1,965,000 after buying an additional 2,392 shares during the last quarter. SevenBridge Financial Group LLC purchased a new position in shares of BHP Billiton during the 4th quarter valued at approximately $105,000. Finally, Group One Trading L.P. boosted its stake in shares of BHP Billiton by 668.8% during the 3rd quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock valued at $109,000 after buying an additional 2,675 shares during the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for BHP Billiton (NYSE:BBL)

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