FY2017 EPS Estimates for BHP Billiton plc Decreased by Jefferies Group (BBL)
BHP Billiton plc (NYSE:BBL) – Investment analysts at Jefferies Group dropped their FY2017 EPS estimates for shares of BHP Billiton plc in a report released on Friday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will post earnings of $2.75 per share for the year, down from their prior estimate of $2.77. Jefferies Group has a “Buy” rating and a $37.00 price objective on the stock. Jefferies Group also issued estimates for BHP Billiton plc’s FY2018 earnings at $2.87 EPS and FY2019 earnings at $2.61 EPS.
Several other research firms have also issued reports on BBL. Zacks Investment Research lowered shares of BHP Billiton plc from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Citigroup Inc reissued a “buy” rating on shares of BHP Billiton plc in a research report on Thursday, January 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.00.
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BHP Billiton plc (NYSE:BBL) opened at 31.79 on Monday. The firm has a 50-day moving average price of $31.01 and a 200 day moving average price of $32.70. The stock has a market capitalization of $84.59 billion, a price-to-earnings ratio of 34.11 and a beta of 1.20. BHP Billiton plc has a 52-week low of $22.37 and a 52-week high of $37.44.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC increased its position in BHP Billiton plc by 13.0% in the third quarter. Profund Advisors LLC now owns 26,208 shares of the mining company’s stock valued at $796,000 after buying an additional 3,024 shares during the last quarter. Capital Research Global Investors bought a new position in BHP Billiton plc during the third quarter valued at about $48,152,000. Lombard Odier Asset Management USA Corp increased its position in BHP Billiton plc by 101.1% in the third quarter. Lombard Odier Asset Management USA Corp now owns 268,780 shares of the mining company’s stock valued at $8,166,000 after buying an additional 135,125 shares during the last quarter. ETRADE Capital Management LLC bought a new position in BHP Billiton plc during the third quarter valued at about $487,000. Finally, Russell Investments Group Ltd. bought a new position in BHP Billiton plc during the fourth quarter valued at about $21,734,000. 3.89% of the stock is owned by hedge funds and other institutional investors.
About BHP Billiton plc
BHP Billiton Plc 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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