Baker Hughes Incorporated (BHI) Receives Price Target

Baker Hughes Incorporated (BHI) : The consensus price target for Baker Hughes Incorporated (BHI) is $51.63 for the short term with a standard deviation of $7.42. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $63, however, the pessimist price target for the company is $37.

Baker Hughes Incorporated (BHI) : 21 analysts are covering Baker Hughes Incorporated (BHI) and their average rating on the stock is 2.1, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In a research note released to the investors, Nomura maintains its rating on Baker Hughes Incorporated (NYSE:BHI).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Nomura raises the new price target from $38 per share to $43 per share. The rating by the firm was issued on August 16, 2016.

Baker Hughes Incorporated (NYSE:BHI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.11 and $48.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.83, notching a gain of 1.42% for the day. The total traded volume was 4,523,313 . The stock had closed at $49.13 on the previous day.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.