Analysts' ratings for Baker Hughes BKR over the last quarter vary from bullish to bearish, as provided by 19 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 10 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 4 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 5 | 4 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $43.74, a high estimate of $50.00, and a low estimate of $40.00. This upward trend is apparent, with the current average reflecting a 5.73% increase from the previous average price target of $41.37.
Understanding Analyst Ratings: A Comprehensive Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive Baker Hughes. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Anderson | Barclays | Raises | Overweight | $46.00 | $41.00 |
| David Anderson | Barclays | Lowers | Overweight | $41.00 | $42.00 |
| Phillip Jungwirth | BMO Capital | Raises | Outperform | $45.00 | $43.00 |
| Connor Lynagh | Morgan Stanley | Raises | Overweight | $45.00 | $42.00 |
| Scott Gruber | Citigroup | Lowers | Buy | $42.00 | $44.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $42.00 | $40.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $40.00 | $42.00 |
| Connor Lynagh | Morgan Stanley | Lowers | Overweight | $42.00 | $43.00 |
| Josh Silverstein | UBS | Raises | Neutral | $42.00 | $40.00 |
| James West | Evercore ISI Group | Raises | Outperform | $46.00 | $42.00 |
| Marc Bianchi | TD Cowen | Raises | Buy | $50.00 | $46.00 |
| Kurt Hallead | Benchmark | Raises | Buy | $42.00 | $40.00 |
| Neil Mehta | Goldman Sachs | Raises | Buy | $43.00 | $39.00 |
| Sean Meakim | JP Morgan | Raises | Overweight | $43.00 | $42.00 |
| Lloyd Byrne | Jefferies | Raises | Buy | $48.00 | $46.00 |
| Keith Mackey | RBC Capital | Raises | Outperform | $43.00 | $39.00 |
| Roger Read | Wells Fargo | Raises | Equal-Weight | $40.00 | $35.00 |
| Charles Minervino | Susquehanna | Raises | Positive | $46.00 | $40.00 |
| Stephen Gengaro | Stifel | Raises | Buy | $45.00 | $40.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Baker Hughes. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Baker Hughes compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Baker Hughes's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Baker Hughes's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Baker Hughes analyst ratings.
About Baker Hughes
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.
Financial Insights: Baker Hughes
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Challenges: Baker Hughes's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -3.24%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.09%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Baker Hughes's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.8%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Baker Hughes's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.07%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.37.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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