Research Analysts Offer Predictions for BHP Billiton Limited’s FY2019 Earnings (BHP)
BHP Billiton Limited (NYSE:BHP) – Stock analysts at Jefferies Group issued their FY2019 earnings estimates for shares of BHP Billiton Limited in a research note issued on Tuesday. Jefferies Group analyst C. Lafemina expects that the mining company will post earnings of $2.84 per share for the year. Jefferies Group has a “Buy” rating on the stock.
A number of other research firms have also weighed in on BHP. Zacks Investment Research lowered shares of BHP Billiton Limited from a “strong-buy” rating to a “hold” rating in a report on Friday. Investec upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Friday, March 17th. HSBC Holdings plc upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating and dropped their target price for the stock from $41.79 to $25.75 in a report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating on shares of BHP Billiton Limited in a report on Saturday, January 14th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of BHP Billiton Limited in a report on Thursday, February 23rd. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.30.
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Shares of BHP Billiton Limited (NYSE:BHP) traded down 0.61% during midday trading on Thursday, hitting $35.77. The company’s stock had a trading volume of 3,262,838 shares. The firm has a market cap of $95.18 billion, a P/E ratio of 38.38 and a beta of 1.22. The stock’s 50 day moving average is $36.95 and its 200-day moving average is $37.42. BHP Billiton Limited has a 52-week low of $25.75 and a 52-week high of $41.79.
The business also recently declared a semiannual dividend, which was paid on Tuesday, March 28th. Investors of record on Friday, March 10th were paid a $0.80 dividend. This is an increase from BHP Billiton Limited’s previous semiannual dividend of $0.32. This represents a yield of 4.23%. The ex-dividend date of this dividend was Wednesday, March 8th.
A number of institutional investors have recently added to or reduced their stakes in the company. Bollard Group LLC increased its position in BHP Billiton Limited by 205.3% in the first quarter. Bollard Group LLC now owns 3,493 shares of the mining company’s stock worth $127,000 after buying an additional 2,349 shares during the last quarter. Cohen Capital Management Inc. bought a new position in BHP Billiton Limited during the first quarter worth about $131,000. JJJ Advisors Inc. bought a new position in BHP Billiton Limited during the fourth quarter worth about $143,000. Capital Innovations LLC bought a new position in BHP Billiton Limited during the third quarter worth about $203,000. Finally, BOKF NA bought a new position in BHP Billiton Limited during the third quarter worth about $225,000. 2.86% of the stock is owned by 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.
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