BHP Billiton Limited (BHP) Raised to Buy at BidaskClub

BidaskClub upgraded shares of BHP Billiton Limited (NYSE:BHP) from a hold rating to a buy rating in a research note issued to investors on Tuesday, July 11th.

A number of other equities analysts have also recently issued reports on the stock. UBS AG upgraded shares of BHP Billiton Limited from a neutral rating to a buy rating in a research report on Thursday, June 8th. Jefferies Group LLC cut shares of BHP Billiton Limited from a buy rating to a hold rating and set a $32.00 price objective for the company. in a research report on Thursday, June 8th. Citigroup Inc. upgraded shares of BHP Billiton Limited from a neutral rating to a buy rating in a research report on Wednesday, April 26th. Deutsche Bank AG raised shares of BHP Billiton Limited from a hold rating to a buy rating in a research note on Wednesday, July 5th. Finally, Sanford C. Bernstein raised 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $34.24.

Shares of BHP Billiton Limited (NYSE:BHP) traded down 0.66% on Tuesday, hitting $40.35. The company’s stock had a trading volume of 2,326,612 shares. The stock’s 50 day moving average price is $38.83 and its 200 day moving average price is $37.48. The stock has a market capitalization of $107.37 billion, a P/E ratio of 43.29 and a beta of 1.12. BHP Billiton Limited has a 52 week low of $29.30 and a 52 week high of $42.00.

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Several institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its stake in shares of BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock valued at $101,000 after buying an additional 572 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock valued at $114,000 after buying an additional 1,727 shares during the last quarter. Fifth Third Bancorp raised 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 last quarter. Bollard Group LLC raised its stake in shares of BHP Billiton Limited by 205.3% in the first quarter. Bollard Group LLC now owns 3,493 shares of the mining company’s stock valued at $127,000 after buying an additional 2,349 shares during the last quarter. Finally, Cohen Capital Management Inc. acquired a new position in BHP Billiton Limited during the first quarter valued at approximately $131,000. Institutional investors own 2.98% 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.

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