A share price of Baker Hughes Co [BKR] is currently trading at $35.40, down -0.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BKR shares have gain 3.48% over the last week, with a monthly amount drifted -7.98%, and not 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 July 29, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $50 from $46. Previously, Wolfe Research downgraded its rating to Peer Perform on January 29, 2024. On January 25, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $49 on the stock. CapitalOne initiated its recommendation with a Overweight and recommended $38 as its price target on June 07, 2023. UBS started tracking with a Neutral rating for this stock on April 19, 2023, and assigned it a price target of $31. In a note dated March 15, 2023, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $32.
Baker Hughes Co experienced fluctuations in its stock price throughout the past year between $28.32 and $39.05. Currently, Wall Street analysts expect the stock to reach $36.95 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $35.40 at the most recent close of the market. An investor can expect a potential return of 4.38% based on the average BKR price forecast.
Analyzing the BKR fundamentals
Trailing Twelve Months sales for Baker Hughes Co [NASDAQ:BKR] were 27.03B which represents 13.05% growth. 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 0.13 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
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 35.18 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 35.54, and for the 2nd resistance point, it is at 35.68.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Baker Hughes Co [NASDAQ:BKR] is 1.27. Also, the Quick Ratio is 0.86, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 2.26 and price to earnings (TTM) ratio is 17.92.
Transactions by insiders
Recent insider trading involved Simonelli Lorenzo, Chairman, President and CEO, that happened on Aug 08 ’24 when 0.11 million shares were sold. Officer, Simonelli Lorenzo completed a deal on Aug 08 ’24 to buy 0.11 million shares. Meanwhile, Chairman, President and CEO Simonelli Lorenzo sold 0.11 million shares on Aug 01 ’24.
