6 hours Ago By ABMN Staff
Baker Hughes ( NASDAQ:BKR – Get Free Report ) had its target price cut by research analysts at TD Securities from $50.00 to $49.00 in a report issued on Thursday, Benzinga reports.
The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 34.43% from the company’s previous close.
Several other research analysts have also weighed in on BKR. Royal Bank of Canada upped their target price on shares of Baker Hughes from $49.00 to $53.
00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. TD Cowen lowered their price target on shares of Baker Hughes from $50.00 to $49.
00 and set a “buy” rating on the stock in a research report on Thursday. Susquehanna lowered their target price on Baker Hughes from $48.00 to $46.
00 and set a “positive” rating on the stock in a report on Thursday. Benchmark reissued a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th.
Finally, Citigroup decreased their price objective on Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th.
Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.
11. Read Our Latest Stock Report on BKR Baker Hughes Price Performance Baker Hughes ( NASDAQ:BKR – Get Free Report ) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.
51 earnings per share for the quarter, topping 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 firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion.
Research analysts predict that Baker Hughes will post 2.59 earnings per share for the current year. Insider Buying and Selling at Baker Hughes In related news, EVP Maria C.
Borras sold 8,000 shares of Baker Hughes stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.
00. Following the transaction, the executive vice president now owns 173,302 shares in the company, 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 owned by company insiders. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in the stock.
Norges Bank purchased a new stake in shares of Baker Hughes in the fourth quarter worth about $829,092,000. Raymond James Financial Inc. acquired a new position in Baker Hughes during the 4th quarter worth approximately $291,289,000.
Neuberger Berman Group LLC boosted its holdings in Baker Hughes by 2,527.6% in the 4th quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company’s stock worth $136,158,000 after acquiring an additional 3,193,089 shares during the period.
Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Baker Hughes in the fourth quarter valued at approximately $128,542,000. Finally, Congress Asset Management Co. acquired a new stake in Baker Hughes in the fourth quarter valued at approximately $107,155,000.
92.06% of the stock is owned by hedge funds and other institutional investors. Baker Hughes Company Profile ( 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 Articles Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.
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