Baker Hughes Now Covered by Analysts at Cleveland Research (BHI)
Research analysts at Cleveland Research started coverage on shares of Baker Hughes (NYSE:BHI) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on BHI. Analysts at Susquehanna reiterated a “hold” rating on shares of Baker Hughes (NYSE:BHI) in a research note to investors on Monday, September 16th. They now have a $50.00 price target on the stock. Separately, 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, September 16th. They now have a “sector perform” rating on the stock. Finally, 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. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $52.71.
Shares of Baker Hughes (NYSE:BHI) traded up 0.81% during mid-day trading on Tuesday, hitting $49.50. 130,436 shares of the company’s stock traded hands. Baker Hughes has a one year low of $39.44 and a one year high of $50.88. The stock’s 50-day moving average is $48.36 and its 200-day moving average is $46.90. The company has a market cap of $21.931 billion and a P/E ratio of 21.80.
Baker Hughes (NYSE:BHI) last announced its earnings results on Friday, July 19th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.00 earnings per share. Baker Hughes’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Baker Hughes will post $2.97 earnings per share for the current fiscal year.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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