Currently, Baker Hughes Co [BKR] is trading at $37.00, up 2.83%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BKR shares have gain 0.71% over the last week, with a monthly amount glided 1.82%, 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 September 25, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $42 from $40. Previously, TD Cowen reaffirmed its Buy rating on July 29, 2024, and elevated its price target to $50. On January 29, 2024, downgrade downgraded it’s rating to Peer Perform. TD Cowen reiterated its Outperform rating and increased its price target to $49 on January 25, 2024. CapitalOne started tracking with a Overweight rating for this stock on June 07, 2023, and assigned it a price target of $38. In a note dated April 19, 2023, UBS initiated an Neutral rating and provided a target price of $31 on this stock.
This stock has fluctuated between a low of $28.32 and a high of $39.05 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $39.39 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $37.00 at the most recent close of the market. An investor can expect a potential return of 6.46% based on the average BKR price forecast.
Analyzing the BKR fundamentals
Trailing Twelve Months sales for Baker Hughes Co [NASDAQ:BKR] were 27.30B which represents 4.02% 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 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 36.23 points at the first support level, and at 35.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.64, and for the 2nd resistance point, it is at 38.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Baker Hughes Co [NASDAQ:BKR] is 1.30. As well, the Quick Ratio is 0.88, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 2.24 and price to earnings (TTM) ratio is 16.55.
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.
