At the time of writing, Baker Hughes Co [BKR] stock is trading at $41.41, down -0.93%. 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 0.49% over the last week, with a monthly amount drifted -3.56%, 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 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.
For the past year, the stock price of Baker Hughes Co fluctuated between $28.32 and $45.17. Currently, Wall Street analysts expect the stock to reach $44.5 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $41.41 at the most recent close of the market. An investor can expect a potential return of 7.46% based on the average BKR price forecast.
Analyzing the BKR fundamentals
According to Baker Hughes Co [NASDAQ:BKR], the company’s sales were 27.30B for trailing twelve months, which represents an 4.02% jump. 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 40.97 points at the first support level, and at 40.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.80, and for the 2nd resistance point, it is at 42.19.
Ratios To Look Out For
It is important to note that Baker Hughes Co [NASDAQ:BKR] has a current ratio of 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 1.50, the price to book ratio is 2.53 and price to earnings (TTM) ratio is 18.54.
Transactions by insiders
Recent insider trading involved Buese Nancy, EVP & Chief Financial Officer, that happened on Nov 06 ’24 when 10000.0 shares were sold. Officer, Buese Nancy completed a deal on Nov 06 ’24 to buy 10000.0 shares. Meanwhile, EVP & Chief Financial Officer Buese Nancy sold 5000.0 shares on Oct 31 ’24.
