Baker Hughes Rating Reiterated by Susquehanna (BHI)
Baker Hughes (NYSE:BHI)‘s stock had its “hold” rating reaffirmed by investment analysts at Susquehanna in a note issued to investors on Monday, Stock Ratings Network reports. They currently have a $50.00 price objective on the stock. Susquehanna’s price objective would suggest a potential upside of 0.60% from the stock’s previous close.
Shares of Baker Hughes (NYSE:BHI) opened at 49.70 on Monday. Baker Hughes has a 1-year low of $39.44 and a 1-year high of $50.72. The stock has a 50-day moving average of $47.7 and a 200-day moving average of $46.52. The company has a market cap of $22.019 billion and a price-to-earnings ratio of 22.07.
Baker Hughes (NYSE:BHI) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.11. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Baker Hughes will post $2.97 earnings per share for the current fiscal year.
BHI has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Baker Hughes (NYSE:BHI) from $51.00 to $55.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Baker Hughes (NYSE:BHI) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 9th. Finally, analysts at RBC Capital upgraded shares of Baker Hughes (NYSE:BHI) from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, August 15th. They now have a $58.00 price target on the stock, up previously from $56.00.
Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.71.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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