Economy

Deutsche Bank AG Initiates Coverage on Halliburton Company

In the market the company is trading up since yesterday's close of 44.93. The P/E Ratio for HAL is NE. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products. Cornerstone Capital Management Holdings LLC.'s holdings in Halliburton were worth $7,720,000 as of its most recent filing with the SEC. The company has market cap of $39.16 billion. The stock increased 0.24% or $0.11 during the last trading session, reaching $45.03. About 227,994 shares traded. Halliburton has a 52 week low of $38.18 and a 52 week high of $58.78. It has outperformed by 2.33% the S&P500. They expect this year's earnings to fall -5700% year-over-year to $1.12, followed by 88.39% growth in the next year to $2.11. They are also projecting the Low EPS estimate of $0.36 and the High EPS estimate of $0.54. Therefore 89% are positive. Halliburton Company had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, May 19 by Argus Research. The stock has "Buy" rating by Stifel Nicolaus on Monday, September 18. UBS maintained the shares of HAL in report on Tuesday, January 26 with "Buy" rating. The company was downgraded on Tuesday, August 11 by Zacks. National Bank Canada downgraded Gildan Activewear Inc (USA) (NYSE:GIL) on Friday, August 4 to "Sector Perform" rating. Howard Weil maintained the stock with "Sector Perform" rating in Thursday, October 20 report. The stock has "Buy" rating by BMO Capital Markets on Thursday, August 3. Halliburton Company (NYSE:HAL) has risen 19.03% since October 10, 2016 and is uptrending. Credit Suisse Group set a $60.00 price target on Halliburton and gave the stock a "buy" rating in a research report on Saturday, July 1st. Albrecht William E bought $370,608 worth of stock or 8,000 shares. The company has an Average True Range (ATR) value of 0.76, while a Beta Value of 1.1. It fall, as 96 investors sold Halliburton Company shares while 307 reduced holdings.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. The volume of HAL witnessed a shift from 3.69 million shares, based on a 50-day average, to 8.73 million shares.

Shares of Halliburton (NYSE:HAL) opened at 44.93 on Tuesday. The original version of this news story can be read at https://weekherald.com/2017/10/10/deutsche-bank-ag-initiates-coverage-on-halliburton-company-hal.html. 24,885 are held by Meiji Yasuda Asset Mgmt Limited. Associated Banc holds 64,598 shares. Moreover, Jones Financial Companies Lllp has 0.01% invested in Halliburton Company (NYSE:HAL).

EVP Administration & CHRO at Halliburton Company, Pope Lawrence J on 2017-09-05 Sell 43000 shares of the company at a price of $39.66. The option since executed brings Voyles ownership to 210692 shares. Cornerstone Mngmt Hldgs Ltd Llc reported 0.06% of its portfolio in Halliburton Company (NYSE:HAL). The stock is now showing its Return on Assets (ROA) value of -0.6 Percent. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in HAL to 18790 shares. Cobblestone Cap Lc New York reported 9,121 shares.

Analysts await Gildan Activewear Inc (USA) (NYSE:GIL) to report earnings on November, 2.

Halliburton Company had its "outperform" rating reiterated by analysts at Sanford C. Bernstein. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company's stock valued at $116,000 after buying an additional 1,266 shares during the last quarter. The Pennsylvania-based Tfs Capital Llc has invested 0.12% in the stock.

The stock increased 0.90% or $0.1 during the last trading session, reaching $11.2. Its mean Altman Z-Score: 3.19 during the last 7 years, while average Beneish M-Score: 9.59 during the last 7 years. It is down 0.00% since October 10, 2016 and is. It has underperformed by 28.88% the S&P500.

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