Analyst Rating Update on Baker Hughes Incorporated (BHI)

Baker Hughes Incorporated (BHI) has an average broker rating of 1.95, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Baker Hughes Incorporated (BHI) : The most positive equity analysts on Baker Hughes Incorporated (BHI) expects the shares to touch $63, whereas, the least positive believes that the stock will trade at $36 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $51.05 with an expected fluctuation of $7.59 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Jefferies maintains its ratings on Baker Hughes Incorporated (NYSE:BHI). In the latest research report, Jefferies raises the target price from $41 per share to $44 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on July 29, 2016.


Baker Hughes Incorporated (NYSE:BHI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.53 and $46.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.13, notching a gain of 0.96% for the day. The total traded volume was 3,947,405 . The stock had closed at $46.68 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.