Jefferies Group Equities Analysts Reduce Earnings Estimates for BHP Billiton Limited (BHP)

BHP Billiton Limited (NYSE:BHP) – Research analysts at Jefferies Group reduced their FY2017 EPS estimates for BHP Billiton Limited in a research note issued to investors on Friday. Jefferies Group analyst C. Lafemina now expects that the mining company will post earnings of $2.75 per share for the year, down from their prior estimate of $2.77. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for BHP Billiton Limited’s FY2018 earnings at $2.87 EPS and FY2019 earnings at $2.61 EPS.

Other analysts have also recently issued research reports about the stock. Citigroup Inc upgraded shares of BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 26th. HSBC Holdings plc upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating and cut their target price for the stock from $41.79 to $25.75 in a research note on Wednesday, April 19th. Investec upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a research note on Friday, March 17th. Zacks Investment Research cut shares of BHP Billiton Limited from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Credit Suisse Group AG restated a “hold” rating on shares of BHP Billiton Limited in a research note on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. BHP Billiton Limited has an average rating of “Hold” and an average target price of $35.30.

Earnings History and Estimates for BHP Billiton Limited (NYSE:BHP)

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BHP Billiton Limited (NYSE:BHP) opened at 36.71 on Monday. BHP Billiton Limited has a 12-month low of $25.75 and a 12-month high of $41.79. The stock’s 50 day moving average is $35.88 and its 200 day moving average is $37.48. The company has a market cap of $97.69 billion, a P/E ratio of 39.39 and a beta of 1.22.

A number of hedge funds have recently modified their holdings of BHP. Brown Advisory Inc. boosted its stake in shares of BHP Billiton Limited by 1.0% in the fourth quarter. Brown Advisory Inc. now owns 13,217 shares of the mining company’s stock valued at $474,000 after buying an additional 128 shares during the period. Keybank National Association OH boosted its stake in shares of BHP Billiton Limited by 0.5% in the fourth quarter. Keybank National Association OH now owns 42,001 shares of the mining company’s stock valued at $1,503,000 after buying an additional 215 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of BHP Billiton Limited by 1.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 27,606 shares of the mining company’s stock valued at $988,000 after buying an additional 263 shares during the period. Fifth Third Bancorp boosted its stake in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock valued at $121,000 after buying an additional 426 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of BHP Billiton Limited by 1.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,615 shares of the mining company’s stock valued at $1,274,000 after buying an additional 489 shares during the period. Institutional investors and hedge funds own 2.86% of the company’s stock.

BHP Billiton Limited Company Profile

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.

12 Month Chart for NYSE:BHP

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