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Stock Update (NYSE:BHI): U.S. not satisfied with Halliburton-Baker Hughes deal plan -Bloomberg

[Reuters] – U.S. antitrust officials are not satisfied with Halliburton Co’s proposals to get clearance for its proposed acquisition of Baker Hughes Inc and are not expected to make a decision until next year, Bloomberg … Read more on this. Baker Hughes Incorporated (BHI) , currently valued at $21.48B, started trading this morning at $47.66. Looking at today’s trading action, the company’s one day range from $46.07 to $49.74 with its 52-week range being $43.00 to $70.45. BHI shares are currently priced at -129.94x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -8.36x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.68 per share annually in dividends, yielding 1.42%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $-0.10 per share, which would be $1.44 better than the year-ago quarter and a $0.00 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $-0.36 would be a $4.58 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.47 Billion. If reported, that would be a 47.74% decrease over the year-ago quarter. More recently, JP Morgan Initiated BHI at Neutral (May 29, 2015). Previously, Scotia Howard Weil downgraded BHI from Focus Stock to Sector Perform. Given all the information above, we should disclose to readers that the average price target is $67.58, which is 41.80% above than it opened this morning. See more in (NYSE:BHI) Similar Articles: Stock Update: Baker Hughes Incorporated (NYSE:BHI) – Halliburton, Baker Hughes plan more divestitures for deal approval Market Update: Baker Hughes Incorporated (NYSE:BHI) – Baker Hughes Announces August 2015 Rig Counts Company Update (NYSE:BHI): Halliburton seen facing antitrust issues on Baker Hughes deal- Bloomberg
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