Baker Hughes (NASDAQ:BKR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Baker Hughes (NASDAQ:BKR) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.18.

Several equities analysts have weighed in on the stock. Bank of America lifted their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of Baker Hughes in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on Baker Hughes from $43.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their price objective on shares of Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, Citigroup increased their target price on shares of Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

Institutional Trading of Baker Hughes

A number of institutional investors and hedge funds have recently modified their holdings of BKR. Graypoint LLC lifted its position in shares of Baker Hughes by 4.2% during the 4th quarter. Graypoint LLC now owns 10,717 shares of the company’s stock worth $440,000 after purchasing an additional 429 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Baker Hughes by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 22,200 shares of the company’s stock worth $911,000 after buying an additional 545 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Baker Hughes by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,525 shares of the company’s stock worth $1,662,000 after buying an additional 475 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Baker Hughes by 7.9% in the fourth quarter. First Hawaiian Bank now owns 94,163 shares of the company’s stock valued at $3,863,000 after acquiring an additional 6,891 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Baker Hughes by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 1,810,915 shares of the company’s stock worth $74,592,000 after acquiring an additional 83,266 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $43.26 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $42.28 and a two-hundred day moving average of $38.00. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $45.17. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 0.72 and a beta of 1.39.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. As a group, analysts expect that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 1.94%. Baker Hughes’s dividend payout ratio (DPR) is presently 37.67%.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.