BHP Billiton Limited (BHP) Cut to “Underperform” at Exane BNP Paribas

BHP Billiton Limited (NYSE:BHP) was downgraded by investment analysts at Exane BNP Paribas from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, September 7th.

Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of BHP Billiton Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. 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. Argus decreased their target price 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. UBS AG raised shares of BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC lowered shares of BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a report on Thursday, June 8th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.67.

Shares of BHP Billiton Limited (NYSE:BHP) opened at 41.82 on Thursday. The company has a market capitalization of $111.32 billion, a price-to-earnings ratio of 18.94 and a beta of 1.12. BHP Billiton Limited has a 52-week low of $29.75 and a 52-week high of $44.62. The company’s 50-day moving average price is $42.04 and its 200-day moving average price is $37.86.

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Several institutional investors have recently added to or reduced their stakes in BHP. Bank of New York Mellon Corp grew its position in shares of BHP Billiton Limited by 18.0% during the 1st quarter. Bank of New York Mellon Corp now owns 66,208 shares of the mining company’s stock valued at $2,405,000 after acquiring an additional 10,099 shares during the period. Comerica Bank grew its position in shares of BHP Billiton Limited by 2.0% during the 1st quarter. Comerica Bank now owns 93,880 shares of the mining company’s stock valued at $3,287,000 after acquiring an additional 1,824 shares during the period. Sei Investments Co. grew its position in shares of BHP Billiton Limited by 0.3% during the 1st quarter. Sei Investments Co. now owns 323,217 shares of the mining company’s stock valued at $11,739,000 after acquiring an additional 1,019 shares during the period. Ameriprise Financial Inc. grew its position in shares of BHP Billiton Limited by 0.7% during the 1st quarter. Ameriprise Financial Inc. now owns 210,692 shares of the mining company’s stock valued at $7,654,000 after acquiring an additional 1,508 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of BHP Billiton Limited by 12.5% during the 1st quarter. Toronto Dominion Bank now owns 4,669 shares of the mining company’s stock valued at $170,000 after buying an additional 519 shares in the last quarter. 2.98% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for BHP Billiton Limited (NYSE:BHP)

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