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BHP Billiton (BBL) Downgraded to "Hold" at Zacks Investment Research

31 December 2017

Deutsche Bank restated a "buy" rating and set a GBX 1,600 ($21.39) price objective on shares of BHP Billiton in a report on Monday, August 14th. reiterated a "hold" rating and issued a GBX 1,320 ($17.65) target price on shares of BHP Billiton in a report on Friday, August 18th.

BHP Billiton (NYSE:BHP) was upgraded by research analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a research note issued on Thursday, December 14th, Marketbeat Ratings reports. It has outperformed by 17.62% the S&P500. The firm owned 44,578 shares of the mining company's stock after purchasing an additional 22,174 shares during the quarter. The stock increased 0.39% or $0.04 during the last trading session, reaching $10.19. About 256,083 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since December 30, 2016 and is uptrending.

Cambiar Investors Llc, which manages about $8.42 billion and $6.37 billion US Long portfolio, decreased its stake in Energizer Hldgs Inc New by 14,493 shares to 264,650 shares, valued at $12.19M in 2017Q3, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 925,258 shares in the quarter, for a total of 5.73 million shares, and has risen its stake in Posco (NYSE:PKX). Five analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Therefore 50% are positive. Liberum Capital reiterated a "sell" rating and issued a GBX 800 ($10.70) target price on shares of BHP Billiton in a report on Tuesday, August 22nd. The stock has "Hold" rating by Jefferies on Thursday, August 31. Barclays Capital maintained the stock with "Overweight" rating in Wednesday, July 22 report. The stock of BHP Billiton plc (NYSE:BBL) has "Hold" rating given on Thursday, June 8 by Jefferies. The rating was upgraded by Jefferies to "Buy" on Tuesday, August 23. Jefferies has "Hold" rating and $34.0 target. On Monday, October 9 the stock rating was maintained by Loop Capital with "Buy". The stock of BHP Billiton plc (NYSE:BBL) has "Buy" rating given on Wednesday, April 12 by Citigroup.

Investors sentiment increased to 1.01 in Q3 2017. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53.

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Large investors have recently bought and sold shares of the stock. Earnest Partners LLC raised its stake in shares of BHP Billiton by 1.2% in the 2nd quarter. Dimensional Fund Advsr Limited Partnership holds 0.01% in DineEquity, Inc. (NYSE:CIT) for 135,600 shares. Contravisory Inv Mngmt Incorporated holds 1.82% or 103,814 shares. Axa, France-based fund reported 9,800 shares. Bancorporation Of Nova Scotia Tru Com invested in 1,000 shares. Virginia Retirement System Et Al owns 0.08% invested in CIT Group Inc.

Mig Capital Llc decreased its stake in Netflix Inc (NFLX) by 10.23% based on its latest 2017Q3 regulatory filing with the SEC. (NYSE:DIN). Natl Bank Of America De invested in 35,134 shares. (NYSE:DIN). Amica Mutual Insurance holds 0.04% or 10,401 shares. Renaissance Technology Ltd Liability reported 208,034 shares. (NYSE:DIN). Citadel has invested 0% in DineEquity, Inc. Mufg Americas has invested 0% of its portfolio in Northeast Bancorp (NASDAQ:NBN). Nationwide Fund Advsrs stated it has 0% in DineEquity, Inc.

Among 3 analysts covering Investar (NASDAQ:ISTR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 42% are positive. CIT Group had 55 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained Netflix, Inc. Oppenheimer has "Buy" rating and $5400 target. (NYSE:CIT) earned "Neutral" rating by Nomura on Tuesday, May 3. TheStreet downgraded DineEquity, Inc. The rating was initiated by Aegis Capital on Monday, October 16 with "Hold". The stock of DineEquity, Inc. Raymond James downgraded DineEquity, Inc. The firm has "Sector Perform" rating given on Friday, January 8 by IBC. Jefferies has "Buy" rating and $33 target. The company was downgraded on Tuesday, January 24 by Instinet.

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