Baker Hughes Co [BKR] stock is trading at $47.40, up 2.64%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BKR shares have gain 8.84% over the last week, with a monthly amount glided 15.55%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Baker Hughes Co [NASDAQ: BKR] stock has seen the most recent analyst activity on December 19, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $53. Previously, Argus upgraded its rating to Buy on October 25, 2024. On September 25, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $42 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $50 on July 29, 2024. Wolfe Research downgraded its rating to a Peer Perform. TD Cowen reiterated a Outperform rating for this stock on January 25, 2024, and upped its price target to $49.
Baker Hughes Co [BKR] stock has fluctuated between $28.32 and $47.60 over the past year. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $47.40 at the most recent close of the market. An investor can expect a potential drop of -2.95% based on the average BKR price forecast.
Analyzing the BKR fundamentals
Baker Hughes Co [NASDAQ:BKR] reported sales of 27.83B for the trailing twelve months, which represents a growth of 7.74%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.18 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 46.44 points at the first support level, and at 45.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.97, and for the 2nd resistance point, it is at 48.55.
Ratios To Look Out For
For context, Baker Hughes Co’s Current Ratio is 1.32. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 2.75 and price to earnings (TTM) ratio is 15.91.
Transactions by insiders
Recent insider trading involved BORRAS MARIA C, EVP, Oilfield Services & Equip, that happened on Jan 28 ’25 when 67250.0 shares were sold. EVP, Oilfield Services & Equip, BORRAS MARIA C completed a deal on Jan 27 ’25 to sell 8000.0 shares. Meanwhile, Officer BORRAS MARIA C bought 67250.0 shares on Jan 28 ’25.
