While Baker Hughes Co has overperformed by 0.04%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BKR rose by 60.93%, with highs and lows ranging from $49.40 to $28.66, whereas the simple moving average jumped by 23.37% in the last 200 days.
On December 19, 2024, Piper Sandler started tracking Baker Hughes Co (NASDAQ: BKR) recommending Overweight. A report published by Argus on October 25, 2024, Upgraded its rating to ‘Buy’ for BKR. Wells Fargo also Upgraded BKR shares as ‘Overweight’, setting a target price of $42 on the company’s shares in a report dated September 25, 2024. TD Cowen Reiterated the rating as Buy on July 29, 2024, but set its price target from $46 to $50. Wolfe Research January 29, 2024d its ‘Outperform’ rating to ‘Peer Perform’ for BKR, as published in its report on January 29, 2024. TD Cowen’s report from January 25, 2024 suggests a price prediction of $49 for BKR shares, giving the stock a ‘Outperform’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Baker Hughes Co (BKR)
It’s important to note that BKR shareholders are currently getting $0.86 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 7.74%, showing a positive trend in the upcoming months.
Baker Hughes Co’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 18.47% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.94, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and BKR is registering an average volume of 6.85M. On a monthly basis, the volatility of the stock is set at 2.61%, whereas on a weekly basis, it is put at 1.63%, with a gain of 1.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $52.57, showing growth from the present price of $46.91, which can serve as yet another indication of whether BKR is worth investing in or should be passed over.
How Do You Analyze Baker Hughes Co Shares?
A giant in the Oil & Gas Equipment & Services market, Baker Hughes Co (BKR) is based in the USA. When comparing Baker Hughes Co shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.75, there is a growth in quarterly earnings of 171.56%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.15%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.36% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BKR shares are owned by institutional investors to the tune of 94.36% at present.
