FY2018 EPS Estimates for BHP Billiton Limited Increased by Jefferies Financial Group (BHP)

BHP Billiton Limited (NYSE:BHP) – Equities researchers at Jefferies Financial Group increased their FY2018 earnings estimates for BHP Billiton in a research note issued to investors on Monday, July 9th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will earn $3.16 per share for the year, up from their previous estimate of $3.12.

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A number of other brokerages have also recently weighed in on BHP. Bank of America cut BHP Billiton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 5th. Deutsche Bank upgraded BHP Billiton from a “hold” rating to a “buy” rating in a research note on Tuesday, April 10th. Investec cut BHP Billiton from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Barclays upgraded BHP Billiton from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 4th. Finally, Royal Bank of Canada upgraded BHP Billiton from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.67.

Shares of BHP Billiton opened at $49.65 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.40. The firm has a market cap of $82.17 billion, a P/E ratio of 19.36, a P/E/G ratio of 3.05 and a beta of 1.20. BHP Billiton has a 1-year low of $38.26 and a 1-year high of $52.17.

Large investors have recently made changes to their positions in the stock. Private Capital Group LLC increased its position in BHP Billiton by 1,157.5% during the 1st quarter. Private Capital Group LLC now owns 2,515 shares of the mining company’s stock valued at $112,000 after buying an additional 2,315 shares in the last quarter. Smart Portfolios LLC acquired a new position in BHP Billiton during the 1st quarter valued at about $121,000. Summit Trail Advisors LLC increased its position in BHP Billiton by 4,776.7% during the 1st quarter. Summit Trail Advisors LLC now owns 161,905 shares of the mining company’s stock valued at $162,000 after buying an additional 158,585 shares in the last quarter. Sensato Investors LLC acquired a new position in BHP Billiton during the 4th quarter valued at about $222,000. Finally, Roundview Capital LLC acquired a new position in BHP Billiton during the 1st quarter valued at about $240,000. 3.32% of the stock is currently owned by institutional investors.

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.