Brokerage Firm Rating Update on Baker Hughes Incorporated (BHI)

Baker Hughes Incorporated (BHI) : 11 brokerage houses believe that Baker Hughes Incorporated (BHI) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Baker Hughes Incorporated (BHI). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Buy with a rating of 2.1.

Baker Hughes Incorporated (BHI) : The highest short term price target forecast on Baker Hughes Incorporated (BHI) is $63 and the lowest target price is $37. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $51.63 with a standard deviation of $7.42.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains their rating on the shares of Baker Hughes Incorporated (NYSE:BHI). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $57 per share from $54 per share. The rating by the firm was issued on August 31, 2016.

Baker Hughes Incorporated (NYSE:BHI): stock was range-bound between the intraday low of $48.73 and the intraday high of $50.06 after having opened at $49.82 on Wednesdays session. The stock finally closed in the red at $49.82, a loss of -0.12%. The stock remained in the red for the whole trading day. The total traded volume was 5,493,209 shares. The stock failed to cross $50.06 in Wednesdays trading. The stocks closing price on Thursday was $49.96.

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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