BHP Billiton Limited (NYSE:BHP) – Analysts at Jefferies Group increased their FY2018 EPS estimates for BHP Billiton Limited in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the mining company will post earnings of $2.46 per share for the year, up from their prior forecast of $2.24. Jefferies Group currently has a “Hold” rating and a $32.00 target price on the stock. Jefferies Group also issued estimates for BHP Billiton Limited’s FY2020 earnings at $2.74 EPS.
Several other equities research analysts also recently commented on the stock. BNP Paribas downgraded shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Raymond James Financial, Inc. downgraded shares of BHP Billiton Limited from a “market perform” rating to an “underperform” rating in a research report on Friday, September 1st. Royal Bank Of Canada downgraded shares of BHP Billiton Limited from a “sector perform” rating to an “underperform” rating in a research report on Thursday, August 31st. They noted that the move was a valuation call. BidaskClub upgraded shares of BHP Billiton Limited from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, Cowen and Company set a $43.00 price target on shares of BHP Billiton Limited and gave the company a “hold” rating in a research report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.67.
COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for BHP Billiton Limited Lifted by Analyst (BHP)” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://stocknewstimes.com/2017/09/13/fy2018-eps-estimates-for-bhp-billiton-limited-lifted-by-analyst-bhp.html.
BHP Billiton Limited (BHP) traded up 0.93% during trading on Monday, hitting $44.48. 1,078,406 shares of the stock were exchanged. The stock has a market capitalization of $118.41 billion, a price-to-earnings ratio of 20.14 and a beta of 1.12. The firm has a 50-day moving average of $41.21 and a 200-day moving average of $37.59. BHP Billiton Limited has a 52 week low of $29.30 and a 52 week high of $44.56.
Several institutional investors and hedge funds have recently made changes to their positions in BHP. Jennison Associates LLC increased its stake in shares of BHP Billiton Limited by 3.0% during the 1st quarter. Jennison Associates LLC now owns 665,136 shares of the mining company’s stock worth $24,158,000 after purchasing an additional 19,656 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of BHP Billiton Limited during the 1st quarter worth $159,000. Kornitzer Capital Management Inc. KS increased its stake in shares of BHP Billiton Limited by 4.0% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 17,570 shares of the mining company’s stock worth $638,000 after purchasing an additional 670 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $2,405,000 after purchasing an additional 10,099 shares during the last quarter. Finally, Comerica Bank increased its stake 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 worth $3,287,000 after purchasing an additional 1,824 shares during the last quarter. Institutional investors own 2.98% of the company’s stock.
The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.86 per share. This is a positive change from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 4.04%.
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.
Receive News & Ratings for BHP Billiton Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton Limited and related companies with MarketBeat.com's FREE daily email newsletter.