J P Morgan Chase & Co upgraded shares of BHP Billiton (NYSE:BHP) from an underweight rating to a neutral rating in a report released on Thursday.

Several other equities analysts have also recently issued reports on BHP. Cowen set a $43.00 price objective on BHP Billiton and gave the stock a hold rating in a report on Thursday, August 24th. BidaskClub raised BHP Billiton from a buy rating to a strong-buy rating in a report on Saturday, August 26th. Royal Bank of Canada cut BHP Billiton from a sector perform rating to an underperform rating in a report on Thursday, August 31st. They noted that the move was a valuation call. Raymond James Financial cut BHP Billiton from a market perform rating to an underperform rating in a report on Friday, September 1st. Finally, BNP Paribas cut BHP Billiton from a neutral rating to an underperform rating in a report on Wednesday, September 6th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $36.52.

Shares of BHP Billiton (BHP) traded up $0.74 during mid-day trading on Thursday, reaching $43.08. The company had a trading volume of 3,545,200 shares, compared to its average volume of 2,694,351. BHP Billiton has a 52-week low of $33.37 and a 52-week high of $44.62. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Knowledge Leaders Capital LLC acquired a new position in shares of BHP Billiton in the third quarter worth $134,000. Proficio Capital Partners LLC raised its holdings in shares of BHP Billiton by 22.1% in the second quarter. Proficio Capital Partners LLC now owns 3,825 shares of the mining company’s stock worth $157,000 after acquiring an additional 692 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in shares of BHP Billiton by 127.3% in the second quarter. Acrospire Investment Management LLC now owns 4,285 shares of the mining company’s stock worth $153,000 after acquiring an additional 2,400 shares during the last quarter. Sicart Associates LLC acquired a new position in shares of BHP Billiton in the third quarter worth $203,000. Finally, Toronto Dominion Bank raised its holdings in shares of BHP Billiton by 7.9% in the second quarter. Toronto Dominion Bank now owns 5,037 shares of the mining company’s stock worth $180,000 after acquiring an additional 368 shares during the last quarter. 3.27% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

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