Baker Hughes Incorporated (BHI) Receives ‘Analyst’ Rating

Baker Hughes Incorporated (BHI) : The consensus on Baker Hughes Incorporated (BHI) based on 21 analyst recommendation on the company stock is 2.1, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Baker Hughes Incorporated (BHI).

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 $37 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $51.63 with an expected fluctuation of $7.42 from the mean.


Also, Citigroup maintains its rating on Baker Hughes Incorporated (NYSE:BHI). The global brokerage major raises the current price target from $54 per share to $57 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on August 31, 2016.

Baker Hughes Incorporated (NYSE:BHI): After opening at $48.64, the stock dipped to an intraday low of $48.3 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $49.59 and the buying power remained strong till the end. The stock closed at $49.18 for the day, a gain of 1.57% for the day session. The total traded volume was 3,556,974. The stocks close on the previous trading day was $48.42.

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.

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