Baker Hughes Rating Lowered to Neutral at JPMorgan Chase (BHI)
Baker Hughes (NYSE: BHI) was downgraded by equities research analysts at JPMorgan Chase (NYSE: JPM) from an “overweight” rating to a “neutral” rating in a research note issued to investors on Wednesday.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Baker Hughes from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, May 1st. They now have a $40.00 price target on the stock. Separately, analysts at Citigroup (NYSE: C) raised their price target on shares of Baker Hughes from $46.00 to $48.00 in a research note to investors on Wednesday, April 25th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Baker Hughes from $77.00 to $74.00 in a research note to investors on Wednesday, April 25th. They now have an “overweight” rating on the stock.
Baker Hughes opened at 41.21 on Wednesday. Baker Hughes has a 52-week low of $39.40 and a 52-week high of $81.00. The company has a market cap of $18.070 billion and a price-to-earnings ratio of 10.30.
Baker Hughes last posted its quarterly earnings results on Tuesday, April 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts expect that Baker Hughes will post $0.94 EPS next quarter.
Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry.