Baker Hughes (NASDAQ:BKR) Receives $47.12 Average Price Target from Analysts

Baker Hughes (NASDAQ:BKR) has been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $47.18.

A number of brokerages have issued reports on BKR. Wells Fargo & Company boosted their price target on Baker Hughes from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Morgan Stanley boosted their target price on shares of Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. UBS Group dropped their price target on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. BMO Capital Markets upped their price objective on shares of Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised their target price on Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 3rd.

Institutional Investors Weigh In On Baker Hughes

Several large investors have recently bought and sold shares of the stock. National Pension Service lifted its position in shares of Baker Hughes by 6.4% during the 3rd quarter. National Pension Service now owns 1,362,973 shares of the company’s stock worth $49,271,000 after purchasing an additional 81,625 shares during the last quarter. Hixon Zuercher LLC acquired a new stake in Baker Hughes in the third quarter valued at $1,980,000. Banque Cantonale Vaudoise lifted its holdings in Baker Hughes by 76.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,661 shares of the company’s stock worth $4,434,000 after buying an additional 53,006 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Baker Hughes by 7.6% during the 2nd quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company’s stock worth $223,523,000 after acquiring an additional 455,307 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Baker Hughes by 60.3% during the 3rd quarter. National Bank of Canada FI now owns 1,270,165 shares of the company’s stock worth $45,916,000 after acquiring an additional 478,009 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Up 0.1 %

NASDAQ:BKR opened at $43.44 on Monday. The firm has a market capitalization of $42.99 billion, a P/E ratio of 19.48, a PEG ratio of 0.72 and a beta of 1.39. The company’s fifty day moving average price is $42.06 and its 200-day moving average price is $37.85. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $45.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results 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. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is currently 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.