Brokerages Set Baker Hughes Company (NASDAQ:BKR) PT at $54.04

by · The Markets Daily

Shares of Baker Hughes Company (NASDAQ:BKR – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.0417.

BKR has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $57.00 price objective on shares of Baker Hughes in a report on Thursday, January 15th. Zephirin Group increased their price target on Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Baker Hughes in a research note on Monday, December 29th. HSBC boosted their price objective on Baker Hughes from $54.00 to $56.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, UBS Group raised their target price on Baker Hughes from $48.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, December 12th.

View Our Latest Stock Analysis on Baker Hughes

Baker Hughes Stock Down 0.9%

Baker Hughes stock opened at $51.26 on Friday. The business’s 50-day simple moving average is $48.10 and its two-hundred day simple moving average is $46.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market cap of $50.58 billion, a PE ratio of 17.68, a PEG ratio of 1.64 and a beta of 0.89. Baker Hughes has a fifty-two week low of $33.60 and a fifty-two week high of $52.33.

Baker Hughes (NASDAQ:BKR – Get Free Report) last released its earnings results on Thursday, October 23rd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%.The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Equities analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Hedge Funds Weigh In On Baker Hughes

Several large investors have recently made changes to their positions in the company. Activest Wealth Management grew its position in Baker Hughes by 1,242.5% during the third quarter. Activest Wealth Management now owns 537 shares of the company’s stock valued at $26,000 after buying an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Baker Hughes by 104.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock worth $32,000 after acquiring an additional 337 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Baker Hughes by 61.7% during the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock valued at $33,000 after acquiring an additional 326 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in shares of Baker Hughes in the 2nd quarter valued at about $36,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Baker Hughes in the 2nd quarter worth about $36,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Company Profile

(Get Free Report)

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.

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