7 hours Ago By Defense World Staff
Baker Hughes (NASDAQ:BKR – Get Free Report) had its price objective reduced by research analysts at Royal Bank of Canada from $50.00 to $46.00 in a note issued to investors on Thursday,Benzinga reports.
The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 26.20% from the company’s previous close.
Several other brokerages also recently weighed in on BKR. Benchmark restated a “buy” rating and set a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th.
TD Cowen dropped their price target on Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday.
Stifel Nicolaus set a $50.00 price objective on shares of Baker Hughes and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group lifted their target price 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. Finally, Jefferies Financial Group raised their price target on shares of Baker Hughes from $48.
00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.11.
View Our Latest Research Report on Baker HughesBaker Hughes Stock PerformanceBKR stock opened at $36.45 on Thursday. Baker Hughes has a one year low of $30.
93 and a one year high of $49.40. The firm has a market cap of $36.
09 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.00 and a beta of 1.
08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.
94 and a current ratio of 1.32. The firm has a 50-day simple moving average of $41.
39 and a two-hundred day simple moving average of $42.04. Baker Hughes (NASDAQ:BKR – Get Free Report) last posted 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 net margin of 10.70% and a return on equity of 14.
58%. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.
54 billion. On average, equities analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.
Insider Transactions at Baker HughesIn other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.
77, for a total value of $358,160.00. Following the completion of the transaction, 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 ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.
Institutional Investors Weigh In On Baker HughesA number of hedge funds and other institutional investors have recently made changes to their positions in BKR. Capital Research Global Investors lifted its stake in shares of Baker Hughes by 0.6% in the 4th quarter.
Capital Research Global Investors now owns 27,687,590 shares of the company’s stock valued at $1,135,744,000 after purchasing an additional 177,232 shares during the period. Geode Capital Management LLC increased its holdings in Baker Hughes by 1.9% in the fourth quarter.
Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock valued at $1,004,212,000 after buying an additional 465,832 shares in the last quarter. Norges Bank acquired a new position in shares of Baker Hughes in the fourth quarter worth about $829,092,000. FMR LLC raised its position in shares of Baker Hughes by 12.
5% in the fourth quarter. FMR LLC now owns 15,702,057 shares of the company’s stock worth $644,098,000 after acquiring an additional 1,744,225 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Baker Hughes by 8.
2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,552,478 shares of the company’s stock worth $473,880,000 after acquiring an additional 874,297 shares in the last quarter. Institutional investors and hedge funds 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 HughesBest of the list of Dividend Aristocrats: Build wealth with the aristocrat indexShort Sellers Gave Up on These 3 Names RecentlyWhat is the Euro STOXX 50 Index?3 Boring Stocks Outperforming the Market This YearWith Risk Tolerance, One Size Does Not Fit AllIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
