Analysts who follow Baker Hughes Co (BKR) on average expect it to climb 44.95% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns the stock an Analyst Ranking of 63, which means it ranks higher than 63 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Baker Hughes Co Stock Today?
Baker Hughes Co (BKR) stock is trading at $13.56 as of 10:59 AM on Monday, Sep 28, a gain of $0.44, or 3.32% from the previous closing price of $13.12. The stock has traded between $13.35 and $13.57 so far today. Volume today is less active than usual. So far 1,128,650 shares have traded compared to average volume of 6,631,483 shares.
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