Baker Hughes Given Consensus Recommendation of “Buy” by Brokerages (NYSE:BHI)
Baker Hughes (NYSE:BHI) has earned an average rating of “Buy” from the twenty-nine analysts that are covering the stock, AnalystRatings.Net reports. Ten equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $80.77.
Shares of Baker Hughes (NYSE:BHI) traded down 1.08% during mid-day trading on Friday, hitting $67.95. 160,339 shares of the company’s stock traded hands. Baker Hughes has a 1-year low of $46.25 and a 1-year high of $75.64. The stock has a 50-day moving average of $71.13 and a 200-day moving average of $67.76. The company has a market cap of $29.561 billion and a P/E ratio of 23.86.
Baker Hughes (NYSE:BHI) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Baker Hughes will post $4.18 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on BHI shares. Analysts at Zacks upgraded shares of Baker Hughes from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $86.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Baker Hughes from $80.00 to $84.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Baker Hughes in a research note on Monday, July 21st. They now have a $77.00 price target on the stock, up previously from $74.00.
Baker Hughes Incorporated (NYSE:BHI) is engaged in the oilfield services industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.