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.
Several price targets were given for BHI by the analysts covering the stock. The most optimistic analyst gave a price target of 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 4.17 percent. That number becomes -375 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -9.09 percent. If we look at the last 90 days instead, we find a net average change of -73.36 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
BHI has a 52-week high of 68.59 and a 52-week low of 43.09. Currently the stock is 33.86 percent higher than its low, and 15.91 percent below the 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 market cap of BHI is $23.19 billion. BHI's next earnings release will be on 0000-00-00, which is days away.