BHP Billiton (NYSE:BHP) Rating Upgrade

In analysts note issued to clients on Wednesday morning, Bernstein stated it was upgrading Bhp Billiton (NYSE:BHP) stock from a “Mkt Perform” to a “Outperform”.

This stock rating upgrade is well-received by equity traders, as NYSE:BHP is now trading 1.66% higher at $36.18 as of 2:03 AM New York time. BHP Billiton’s stock is 0% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 6.00% over the same time.

According to data compiled by Thomson Reuters, BHP Billiton (NYSE:BHP)’s stock is covered by 4 equity analysts across the Street, with 0 analysts giving it a Sell rating, 1 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $27.97, which reflects an downside potential of 22.69% over the current price.

BHP Billiton (NYSE:BHP) 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.

BHP Billiton (NYSE:BHP) traded up 1.66% on 5 July, hitting $36.18. A total of 1.35 million shares of the company’s stock traded hands. This is down from average of 2.81 million shares. BHP Billiton has a 52 week low of $27.45 and a 52 week high of $41.79. The company has a market cap of $92.25 billion and a P/E ratio of 38.83.

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