7 hours Ago By Defense World Staff
Baker Hughes (NASDAQ:BKR – Get Free Report) had its price objective reduced by research analysts at Evercore ISI from $52.00 to $50.00 in a report released on Thursday,Benzinga reports.
The firm presently has an “outperform” rating on the stock. Evercore ISI’s price target would indicate a potential upside of 37.17% from the stock’s current price.
A number of other brokerages have also recently weighed in on BKR. TD Cowen decreased their price objective on Baker Hughes from $50.00 to $49.
00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group lifted their price target on shares of Baker Hughes from $51.00 to $52.
00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of Baker Hughes from $49.00 to $54.
00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Jefferies Financial Group lifted their target price on shares of Baker Hughes from $48.00 to $50.
00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Piper Sandler upped their price target on shares of Baker Hughes from $53.00 to $55.
00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.
11.Check Out Our Latest Stock Analysis on BKRBaker Hughes Price PerformanceShares of NASDAQ:BKR opened at $36.45 on Thursday.
The company’s fifty day moving average price is $41.39 and its 200-day moving average price is $42.04.
The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.
94. The firm has a market capitalization of $36.09 billion, a price-to-earnings ratio of 12.
23, a PEG ratio of 2.00 and a beta of 1.08.
Baker Hughes has a one year low of $30.93 and a one year high of $49.40.
Baker Hughes (NASDAQ:BKR – Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.
48 by $0.03. Baker Hughes had a return on equity of 14.
58% and a net margin of 10.70%. The business had revenue of $6.
43 billion for the quarter, compared to analysts’ expectations of $6.54 billion. On average, equities research analysts anticipate that Baker Hughes will post 2.
59 earnings per share for the current fiscal year. Insider Activity at Baker HughesIn other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th.
The stock was sold at an average price of $44.77, for a total transaction of $358,160.00.
Following the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. The trade was a 4.
41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.
27% of the stock is currently owned by company insiders. Institutional Inflows and OutflowsSeveral institutional investors have recently made changes to their positions in the company. Dynasty Wealth Management LLC grew its stake in Baker Hughes by 2.
7% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company’s stock worth $324,000 after purchasing an additional 207 shares during the period. Larson Financial Group LLC grew its position in shares of Baker Hughes by 41.
2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after buying an additional 216 shares during the period. Alpine Woods Capital Investors LLC grew its position in shares of Baker Hughes by 0.
7% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company’s stock worth $1,660,000 after buying an additional 267 shares during the period. Cromwell Holdings LLC lifted its position in Baker Hughes by 9.
3% during the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock valued at $130,000 after acquiring an additional 269 shares during the period. Finally, 180 Wealth Advisors LLC boosted its stake in Baker Hughes by 1.
3% during the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after acquiring an additional 295 shares in the last quarter. Institutional investors own 92.
06% of the company’s stock. About Baker Hughes (Get Free Report)Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments.
The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.Featured ArticlesFive stocks we like better than Baker HughesHow to buy stock: A step-by-step guide for beginners Short Sellers Gave Up on These 3 Names RecentlyHow to Find Undervalued Stocks3 Boring Stocks Outperforming the Market This Year3 Grocery Stocks That Can Help Take a Bite Out of Inflation If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
