Sterne Agee Increases Baker Hughes Price Target to $72.00 (BHI)
Stock analysts at Sterne Agee lifted their target price on shares of Baker Hughes (NYSE:BHI) from $59.00 to $72.00 in a report issued on Monday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Sterne Agee’s target price suggests a potential upside of 5.37% from the company’s current price.
A number of other analysts have also recently weighed in on BHI. Analysts at BMO Capital Markets raised their price target on shares of Baker Hughes from $62.00 to $80.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Baker Hughes from $69.00 to $77.00 in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Baker Hughes from $68.00 to $74.00 in a research note on Monday. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $68.22.
Baker Hughes (NYSE:BHI) opened at 68.33 on Monday. Baker Hughes has a 52 week low of $42.60 and a 52 week high of $69.80. The stock has a 50-day moving average of $63.70 and a 200-day moving average of $57.81. The company has a market cap of $29.997 billion and a P/E ratio of 26.19.
Baker Hughes (NYSE:BHI) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.06. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the company posted $0.65 earnings per share. Baker Hughes’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Baker Hughes will post $4.05 earnings per share for the current fiscal year.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
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