Baker Hughes Co [BKR] stock prices are up 1.65% to $36.30 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BKR shares have gain 8.59% over the last week, with a monthly amount glided 14.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Baker Hughes Co [NASDAQ: BKR] stock has seen the most recent analyst activity on January 29, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, TD Cowen reaffirmed its Outperform rating on January 25, 2024, and elevated its price target to $49. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $38 on June 07, 2023. UBS initiated its recommendation with a Neutral and recommended $31 as its price target on April 19, 2023. JP Morgan upgraded its rating to Overweight for this stock on March 15, 2023, but kept the price target unchanged to $32. In a note dated February 16, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $34 to $43.
The stock price of Baker Hughes Co [BKR] has been fluctuating between $28.32 and $37.58 over the past year. Currently, Wall Street analysts expect the stock to reach $36.12 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $36.30 at the most recent close of the market. An investor can expect a potential drop of -0.5% based on the average BKR price forecast.
Analyzing the BKR fundamentals
The Baker Hughes Co [NASDAQ:BKR] reported sales of 26.21B for trailing twelve months, representing a surge of 12.28%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.63 points at the first support level, and at 34.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.79, and for the 2nd resistance point, it is at 37.28.
Ratios To Look Out For
It’s worth pointing out that Baker Hughes Co [NASDAQ:BKR]’s Current Ratio is 1.25. On the other hand, the Quick Ratio is 0.84, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 20.15.
Transactions by insiders
Recent insider trading involved BORRAS MARIA C, EVP, Oilfield Services & Equip, that happened on May 24 ’24 when 55980.0 shares were sold. SVP, Enterprise Op Excellence, Apostolides James E completed a deal on Apr 05 ’24 to sell 5000.0 shares. Meanwhile, SVP, Enterprise Op Excellence Apostolides James E sold 10000.0 shares on Mar 05 ’24.
