Analyst Ratings for Baker Hughes Inc. (BHI)Updated: 2017-07-03
Baker Hughes Inc. (NYSE:BHI) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for BHI last month.
33 analysts issued ratings on the stock, where 12 gave BHI a buy rating, 3 issued an overweight rating, 18 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 5 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for BHI. The highest price target was 78, which equates to a potential upside of 35.23 percent. The lowest price target was 52, implying a possible loss of -9.85 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 4.17 percent. The average change in earnings estimates over the last 90 days is -375 percent. Meanwhile, fiscal year estimates have been revised downwards by -9.09 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -73.36 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
In the trailing 52-weeks, BHI hit 68.59 at the highest peak, while it's lowest trading point was 43.09. Currently the stock is 33.86 percent higher than its low, and 15.91 percent lower than its 52-week high. BHI has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The BHI value stock report compares BHI to some of its peers using value stock charts. The stock has a market capitalization of $23.19 billion. BHI's next earnings release will be on 0000-00-00, which is days away.