Wall Street’s forecasts for Halliburton
In this final part of our series, we’ll look at Wall Street analysts’ forecasts for Halliburton (HAL) shares following its fiscal 2Q16 earnings release.
Consensus rating for Halliburton
Approximately 82% of analysts tracking Halliburton rate it a “buy” or some equivalent. About 16% rate it a “hold” or equivalent. Only 2% recommend a “sell.” Halliburton is 0.15% of the WisdomTree Total Dividend ETF (DTD).
In comparison, approximately 25% of analysts tracking C&J Energy Services (CJES) rate it a “buy” or some equivalent. About 63% rate it a “hold,” and 12% rate it a “sell.”
Analyst recommendations for HAL
When it comes to individual recommendations, BMO Capital Markets, the investment banking subsidiary of Canadian Bank of Montreal, gave Halliburton a target price of $50 after the fiscal 2Q16 earnings release. Halliburton currently trades near $44, implying a ~13% return for the next 12 months.
Among the large investment banks, JPMorgan Chase (JPM) gave HAL a one-year target price of $40, one of its lowest. This implies a -10% return over the next one year.
Morgan Stanley (MS) gave Halliburton a one-year target price of $60, one of its highest. This implies a ~36% return at its current price over the next 12 months.
Analyst target prices for HAL
Following the fiscal 2Q16 financial results, the highest target price for HAL is $64.30, and the lowest is $40. The median target price for HAL, surveyed among sell-side analysts, is ~$51.20. HAL is currently trading at ~$44, implying a ~16% upside at its median price.
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