Baker Hughes Rating Reiterated by Susquehanna (BHI)
Baker Hughes (NYSE:BHI)‘s stock had its “hold” rating restated by equities researchers at Susquehanna in a research report issued on Wednesday, Stock Ratings News reports. They currently have a $50.00 price objective on the stock. Susquehanna’s price target suggests a potential upside of 2.19% from the stock’s previous close.
A number of other firms have also recently commented on BHI. Analysts at Cowen and Company cut their price target on shares of Baker Hughes from $57.00 to $53.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Cleveland Research initiated coverage on shares of Baker Hughes in a research note to investors on Tuesday, October 1st. They set a “neutral” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Baker Hughes 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. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.52.
Baker Hughes (NYSE:BHI) opened at 48.7667 on Wednesday. Baker Hughes has a 52-week low of $39.44 and a 52-week high of $50.88. The stock’s 50-day moving average is $48.66 and its 200-day moving average is $47.04. The company has a market cap of $21.606 billion and a P/E ratio of 21.73.
Baker Hughes (NYSE:BHI) last released its earnings data 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 prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Baker Hughes will post $2.97 EPS for the current fiscal year.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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