BHP Billiton (NYSE:BBL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “

A number of other analysts also recently issued reports on the stock. Jefferies Group set a $38.00 price target on shares of BHP Billiton and gave the company a “hold” rating in a report on Thursday, October 5th. BidaskClub upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, ValuEngine downgraded shares of BHP Billiton from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

BHP Billiton (BBL) opened at $37.31 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85. BHP Billiton has a one year low of $28.73 and a one year high of $39.12.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambiar Investors LLC increased its holdings in shares of BHP Billiton by 4.3% in the 3rd quarter. Cambiar Investors LLC now owns 5,423,369 shares of the mining company’s stock worth $192,258,000 after buying an additional 222,160 shares during the last quarter. Polaris Capital Management LLC increased its holdings in shares of BHP Billiton by 15.2% in the 2nd quarter. Polaris Capital Management LLC now owns 4,138,188 shares of the mining company’s stock worth $127,291,000 after buying an additional 546,628 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of BHP Billiton by 7.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,780,367 shares of the mining company’s stock worth $63,114,000 after buying an additional 129,665 shares during the last quarter. Cheyne Capital Management UK LLP bought a new stake in shares of BHP Billiton in the 3rd quarter worth about $1,068,000. Finally, Northern Trust Corp increased its holdings in shares of BHP Billiton by 20.9% in the 2nd quarter. Northern Trust Corp now owns 1,532,668 shares of the mining company’s stock worth $47,145,000 after buying an additional 265,186 shares during the last quarter. Institutional investors own 4.39% of the company’s stock.

WARNING: “Zacks Investment Research Downgrades BHP Billiton (BBL) to Hold” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/zacks-investment-research-downgrades-bhp-billiton-bbl-to-hold/1763374.html.

About BHP Billiton

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.

Receive News & Ratings for BHP Billiton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton and related companies with MarketBeat.com's FREE daily email newsletter.