FY2017 EPS Estimates for BHP Billiton PLC (BBL) Boosted by Jefferies Group
BHP Billiton PLC (NYSE:BBL) – Equities researchers at Jefferies Group boosted their FY2017 earnings estimates for shares of BHP Billiton PLC in a research report issued on Friday. Jefferies Group analyst C. Lafemina now forecasts that the firm will earn $1.33 per share for the year, up from their prior estimate of $1.12. Jefferies Group currently has a “Buy” rating and a $38.00 target price on the stock. Jefferies Group also issued estimates for BHP Billiton PLC’s FY2018 earnings at $1.62 EPS.
BBL has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an “underweight” rating on shares of BHP Billiton PLC in a report on Tuesday, June 21st. Zacks Investment Research raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, June 21st. Beaufort Securities reissued a “hold” rating on shares of BHP Billiton PLC in a report on Wednesday, June 22nd. Deutsche Bank AG reissued a “hold” rating on shares of BHP Billiton PLC in a report on Monday, July 11th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton PLC in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.00.
Shares of BHP Billiton PLC (NYSE:BBL) traded up 0.67% during mid-day trading on Monday, hitting $30.25. 1,850,104 shares of the company were exchanged. BHP Billiton PLC has a 12-month low of $16.36 and a 12-month high of $35.36. The company’s 50-day moving average price is $28.48 and its 200-day moving average price is $26.13. The firm’s market capitalization is $80.50 billion.
A number of institutional investors have recently modified their holdings of BBL. Integrated Investment Consultants LLC bought a new position in shares of BHP Billiton PLC during the third quarter valued at approximately $109,000. BlackRock Advisors LLC bought a new position in shares of BHP Billiton PLC during the second quarter valued at approximately $113,000. Northwestern Mutual Wealth Management Co. increased its position in shares of BHP Billiton PLC by 448.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,792 shares of the mining company’s stock valued at $122,000 after buying an additional 3,918 shares during the last quarter. Barclays PLC increased its position in shares of BHP Billiton PLC by 289.7% in the second quarter. Barclays PLC now owns 5,846 shares of the mining company’s stock valued at $149,000 after buying an additional 4,346 shares during the last quarter. Finally, Lebenthal Asset Management LLC bought a new position in shares of BHP Billiton PLC during the second quarter valued at approximately $212,000. 3.52% of the stock is owned by institutional investors and hedge funds.
The business also recently disclosed a dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 31st.
BHP Billiton PLC Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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