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 maximum price target given was 78, implying a possible profit of 35.23 percent. The most pessimistic price target was 52, which equates to a potential downside 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. The average change in earnings estimates over the last 90 days is -375 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -9.09 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -73.36 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
BHI has traded between a high of 68.59 and a low of 43.09 over the past year. Today's price is 33.86 percent above the 52-week low, and 15.91 percent lower than its 52-week high. BHI has a price/earnings 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.