Wall Street’s forecasts for Halliburton
In this series, we’ve seen how Halliburton’s (HAL) stock has rallied down since January 1, 2015. Now let’s look at the recent Wall Street analysts’ forecasts for Halliburton.
Consensus rating for Halliburton
Approximately ~76% of analysts tracking Halliburton rate it as a “buy” or some equivalent. Approximately 24% rate the company as a “hold” or an equivalent, while none recommend it as a “sell.” Halliburton constitutes 2.5% of the iShares Dow Jones US Energy Sector ETF (IYE).
In comparison, only about 26% of analysts tracking peer company National-Oilwell Varco (NOV) rate it as a “buy” or some equivalent, while approximately 57% of analysts tracking the company rate it as a “hold,” and the remaining 17% rate it as a “sell.”
Analysts’ recommendations for Halliburton
In terms of individual recommendations, investment company Raymond James gave Halliburton a target price of $48. Halliburton currently trades near $39, implying a ~23% return over the next 12 months.
RBC Capital Markets, the Royal Bank of Canada’s investment banking arm, also gave Halliburton a target price of ~$48. Scotia Howard Weil, an investment company specializing in energy, gave Halliburton a $50 one-year target price. This implies a 28% return over the next 12 months.
American investment bank Morgan Stanley (MS) gave Halliburton a 12-month target of ~$55, one of its highest target prices. This implies a ~41% return from Halliburton over the next 12 months. Another investment bank, Barclays (BCS), gave a 12-month target price of $47 for Halliburton. This implies a 20% return over the next year.
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