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BHP Billiton Hits 52-Week High on Solid Growth Prospects
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Shares of premium basic materials company, BHP Billiton Limited (BHP - Free Report) , hit a fresh 52-week high of $40.43 per share on Jan 18, 2017. However, the stock closed the trading session slightly lower, at $40.16.
BHP Billiton’s stock is a promising investment bet at the moment. Shares of this Zacks Rank #1 (Strong Buy) stock soared roughly 100% over the last one year.
Notably, since the last month, BHP Billiton’s stock recorded a return of 9.94% – outperforming 9.33% return provided by the Zacks classified Mining-Miscellaneous industry. In addition, the stock is currently trading at a forward P/E (price/earnings) multiple of 19.30x and has a long-term earnings growth expectation of 5.64%.
In addition, the stock’s projected earnings per share (‘EPS’) growth and sales growth for fiscal 2018 are currently pegged at 12.59% and 6.85%, respectively.
Growth Drivers
Increased commodity market demand in the global forum (on the back of higher industrialization, urbanization and pro-trade liberalization) is expected to boost sales and profitability of BHP Billiton. Notably, development trajectory of the emerging Asian nations would likely reinforce demand for energy, fertilizers and industrial metals. Thus, this would supplement the company’s near-term aggregate top- and bottom-line results.
BHP Billiton is aimed at providing higher value to its shareholders through discovery, development and marketing of productive natural resources. Also, per the new operating model (launched in Feb 2016), BHP Billiton is strategically acquiring long-life, large, low-cost, expandable, upstream assets within its business. These productive assets are diversified by market, geography and commodity. The company intends to deliver $1.8 billion productivity gains under the guidance of its newly implemented operating model, in fiscal 2017.
Over the last 60 days, the Zacks Consensus Estimate for the stock moved north for both fiscal 2017 and 2018.
BASF SE (BASFY - Free Report) currently flaunts a Zacks Rank #1 and has an average earnings surprise of 34.34% for the trailing four quarters.
Albemarle Corporation (ALB - Free Report) currently carries a Zacks Rank #2 (Buy) and has an average earnings surprise of 27.13% for the last four quarters.
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BHP Billiton Hits 52-Week High on Solid Growth Prospects
Shares of premium basic materials company, BHP Billiton Limited (BHP - Free Report) , hit a fresh 52-week high of $40.43 per share on Jan 18, 2017. However, the stock closed the trading session slightly lower, at $40.16.
BHP Billiton’s stock is a promising investment bet at the moment. Shares of this Zacks Rank #1 (Strong Buy) stock soared roughly 100% over the last one year.
Notably, since the last month, BHP Billiton’s stock recorded a return of 9.94% – outperforming 9.33% return provided by the Zacks classified Mining-Miscellaneous industry. In addition, the stock is currently trading at a forward P/E (price/earnings) multiple of 19.30x and has a long-term earnings growth expectation of 5.64%.
In addition, the stock’s projected earnings per share (‘EPS’) growth and sales growth for fiscal 2018 are currently pegged at 12.59% and 6.85%, respectively.
Growth Drivers
Increased commodity market demand in the global forum (on the back of higher industrialization, urbanization and pro-trade liberalization) is expected to boost sales and profitability of BHP Billiton. Notably, development trajectory of the emerging Asian nations would likely reinforce demand for energy, fertilizers and industrial metals. Thus, this would supplement the company’s near-term aggregate top- and bottom-line results.
BHP Billiton is aimed at providing higher value to its shareholders through discovery, development and marketing of productive natural resources. Also, per the new operating model (launched in Feb 2016), BHP Billiton is strategically acquiring long-life, large, low-cost, expandable, upstream assets within its business. These productive assets are diversified by market, geography and commodity. The company intends to deliver $1.8 billion productivity gains under the guidance of its newly implemented operating model, in fiscal 2017.
Over the last 60 days, the Zacks Consensus Estimate for the stock moved north for both fiscal 2017 and 2018.
BHP Billiton Ltd. Price and Consensus
BHP Billiton Ltd. Price and Consensus | BHP Billiton Ltd. Quote
Key Picks
Some other well-ranked stocks within the industry are listed below:
AK Steel Holding Corporation has a whopping average earnings surprise of 170.80% for the last four quarters and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
BASF SE (BASFY - Free Report) currently flaunts a Zacks Rank #1 and has an average earnings surprise of 34.34% for the trailing four quarters.
Albemarle Corporation (ALB - Free Report) currently carries a Zacks Rank #2 (Buy) and has an average earnings surprise of 27.13% for the last four quarters.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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