BHP Billiton Limited (NYSE:BHP) Upgraded by BidaskClub to “Strong-Buy”

BidaskClub upgraded shares of BHP Billiton Limited (NYSE:BHP) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

Several other equities research analysts have also weighed in on BHP. UBS AG upgraded shares of BHP Billiton Limited from a neutral rating to a buy rating in a research note on Thursday, June 8th. HSBC Holdings plc lowered shares of BHP Billiton Limited from a buy rating to a hold rating in a research note on Friday, July 14th. Sanford C. Bernstein upgraded shares of BHP Billiton Limited from a market perform rating to an outperform rating and set a $44.88 price objective on the stock in a research note on Wednesday, July 5th. They noted that the move was a valuation call. Deutsche Bank AG upgraded shares of BHP Billiton Limited from a hold rating to a buy rating in a research note on Wednesday, July 5th. Finally, Argus dropped their price objective on shares of BHP Billiton Limited from $46.00 to $34.00 and set a buy rating on the stock in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. BHP Billiton Limited has a consensus rating of Hold and a consensus price target of $33.96.

BHP Billiton Limited (BHP) traded down 1.08% during trading on Wednesday, hitting $39.38. The company had a trading volume of 1,248,322 shares. BHP Billiton Limited has a 12 month low of $28.02 and a 12 month high of $41.79. The company has a market cap of $104.79 billion, a PE ratio of 42.25 and a beta of 1.09. The company’s 50 day moving average price is $36.00 and its 200-day moving average price is $37.22.

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Several hedge funds and other institutional investors have recently bought and sold shares of BHP. Scout Investments Inc. boosted its position in BHP Billiton Limited by 186.0% in the first quarter. Scout Investments Inc. now owns 1,153,905 shares of the mining company’s stock valued at $29,886,000 after buying an additional 750,402 shares during the period. Parametric Portfolio Associates LLC boosted its position in BHP Billiton Limited by 17.3% in the first quarter. Parametric Portfolio Associates LLC now owns 1,110,806 shares of the mining company’s stock valued at $40,344,000 after buying an additional 163,824 shares during the period. Tocqueville Asset Management L.P. boosted its position in BHP Billiton Limited by 8.2% in the first quarter. Tocqueville Asset Management L.P. now owns 837,654 shares of the mining company’s stock valued at $30,424,000 after buying an additional 63,379 shares during the period. LMR Partners LLP bought a new position in BHP Billiton Limited during the first quarter valued at about $25,600,000. Finally, Lazard Asset Management LLC boosted its position in BHP Billiton Limited by 1.8% in the first quarter. Lazard Asset Management LLC now owns 695,345 shares of the mining company’s stock valued at $25,254,000 after buying an additional 12,511 shares during the period. Institutional investors and hedge funds own 2.99% of the company’s stock.

About BHP Billiton Limited

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.

Analyst Recommendations for BHP Billiton Limited (NYSE:BHP)

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