BHP Billiton (BBL) Lifted to “Buy” at Citigroup

BHP Billiton (NYSE:BBL) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday.

BBL has been the topic of several other research reports. ValuEngine lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Deutsche Bank lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. 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. Finally, Jefferies Group reiterated a “hold” rating and issued a $38.00 target price on shares of BHP Billiton in a research note on Monday, April 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $44.00.

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Shares of BBL remained flat at $$42.69 during mid-day trading on Friday. 1,125,849 shares of the stock traded hands, compared to its average volume of 1,953,967. BHP Billiton has a 52 week low of $28.73 and a 52 week high of $45.43. The firm has a market cap of $45,408.00, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The company has a current ratio of 1.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.41.

A number of large investors have recently bought and sold shares of BBL. State Street Corp acquired a new position in BHP Billiton in the 2nd quarter valued at $416,000. Ameriprise Financial Inc. grew its stake in BHP Billiton by 81.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 152,098 shares of the mining company’s stock valued at $5,392,000 after buying an additional 68,267 shares during the last quarter. Stifel Financial Corp grew its stake in BHP Billiton by 99.0% in the 3rd quarter. Stifel Financial Corp now owns 44,578 shares of the mining company’s stock valued at $1,584,000 after buying an additional 22,174 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in BHP Billiton in the 3rd quarter valued at $382,000. Finally, Hikari Power Ltd acquired a new stake in BHP Billiton in the 4th quarter worth $5,207,000. 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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