BHP Billiton Limited (NYSE:BHP) – Research analysts at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for shares of BHP Billiton in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now expects that the mining company will post earnings per share of $3.50 for the year, up from their prior forecast of $3.35. Jefferies Group also issued estimates for BHP Billiton’s FY2019 earnings at $2.94 EPS and FY2020 earnings at $3.08 EPS.
Several other research firms have also recently commented on BHP. Sanford C. Bernstein cut BHP Billiton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $49.55 to $47.00 in a report on Monday, January 22nd. Cowen upped their price target on BHP Billiton from $45.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, January 10th. Zacks Investment Research raised BHP Billiton from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. raised BHP Billiton from an “underweight” rating to a “neutral” rating in a report on Thursday, December 14th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. BHP Billiton presently has a consensus rating of “Hold” and an average target price of $38.97.
Institutional investors and hedge funds have recently modified their holdings of the company. Opera Trading Capital acquired a new position in shares of BHP Billiton in the 4th quarter worth approximately $106,000. Knowledge Leaders Capital LLC acquired a new position in shares of BHP Billiton in the 3rd quarter worth approximately $134,000. Trust Co. of Vermont raised its holdings in shares of BHP Billiton by 37.2% in the 4th quarter. Trust Co. of Vermont now owns 4,278 shares of the mining company’s stock worth $197,000 after buying an additional 1,161 shares in the last quarter. BigSur Wealth Management LLC acquired a new position in shares of BHP Billiton in the 4th quarter worth approximately $203,000. Finally, Moors & Cabot Inc. acquired a new position in shares of BHP Billiton in the 4th quarter worth approximately $208,000. 3.29% of the stock is owned by institutional investors and hedge funds.
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BHP Billiton 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.
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