Credit Suisse Issues an Upgrade on BHP Billiton (NYSE:BHP) Shares. What’s Next?


BHP Billiton (NYSE:BHP) Stock Upgrade

It will be interesting to watch today’s trading of shares of BHP Billiton (NYSE:BHP) as Credit Suisse increased the stock from a “Neutral” to a respectable “Outperform”.

From a total of 4 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 25% of the ratings are positive. BHP Billiton Limited (ADR) was the topic of 18 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Clarkson Platou downgraded shares on November 17 to “Neutral” rating. Liberum Capital downgraded BHP stock in a recent report from October 29 to “Sell” rating. Finally, Morgan Stanley upgraded the stock to “Overweight” rating in a report issued on an October 7.

Approximately 4.10 million shares of stock traded hands. BHP Billiton Limited (ADR) (NYSE:BHP) has declined 54.34% since May 12, 2015 and is downtrending. It has underperformed by 50.66% the S&P500.

BHP Billiton Limited is a global resources company. The company has a market cap of $59.80 billion. The Firm is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It has 18.56 P/E ratio. It is also engaged in exploration, development, production and marketing of conventional and unconventional gas and oil.

According to Zacks Investment Research, “BHP Billiton is a leader in the global natural resources industry. The Group has high-value and industry-leading positions in aluminium, metallurgical coal, thermal coal, copper, ferro-alloys, iron ore and titanium minerals and also has substantial interests in oil, gas, nickel, diamonds and silver.”