Baker Hughes Co [BKR] stock is trading at $38.17, up 0.85%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BKR shares have gain 2.06% over the last week, with a monthly amount glided 0.63%, 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 October 25, 2024, when Argus upgraded its rating to a Buy. Previously, Wells Fargo upgraded its rating to Overweight on September 25, 2024, and elevated its price target to $42. On July 29, 2024, TD Cowen reiterated its Buy rating and revised its price target to $50 on the stock. Wolfe Research downgraded its rating to a Peer Perform. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $49 on January 25, 2024. In a note dated June 07, 2023, CapitalOne initiated an Overweight rating and provided a target price of $38 on this stock.
Baker Hughes Co [BKR] stock has fluctuated between $28.32 and $39.05 over the past year. 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 $38.17 at the most recent close of the market. An investor can expect a potential return of 3.2% based on the average BKR price forecast.
Analyzing the BKR fundamentals
Baker Hughes Co [NASDAQ:BKR] reported sales of 27.30B for the trailing twelve months, which represents a growth of 4.02%. 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 of0.37.
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 37.83 points at the first support level, and at 37.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.44, and for the 2nd resistance point, it is at 38.70.
Ratios To Look Out For
For context, Baker Hughes Co’s Current Ratio is 1.30. Further, the Quick Ratio stands at 0.88, while 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 2.33 and price to earnings (TTM) ratio is 17.09.
Transactions by insiders
Recent insider trading involved Buese Nancy, EVP & Chief Financial Officer, that happened on Oct 31 ’24 when 5000.0 shares were sold. Officer, Buese Nancy completed a deal on Oct 31 ’24 to buy 5000.0 shares. Meanwhile, EVP & Chief Financial Officer Buese Nancy sold 10000.0 shares on Oct 24 ’24.
