Ratings for Baker Hughes BKR were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 8 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 5 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Baker Hughes, presenting an average target of $47.0, a high estimate of $52.00, and a low estimate of $41.00. This upward trend is apparent, with the current average reflecting a 8.15% increase from the previous average price target of $43.46.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive Baker Hughes is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Lloyd Byrne | Jefferies | Raises | Buy | $50.00 | $48.00 |
| David Anderson | Barclays | Raises | Overweight | $52.00 | $46.00 |
| Saurabh Pant | B of A Securities | Raises | Buy | $48.00 | $42.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $49.00 | $42.00 |
| Keith Mackey | RBC Capital | Raises | Outperform | $49.00 | $43.00 |
| Stephen Gengaro | Stifel | Raises | Buy | $48.00 | $45.00 |
| Scott Gruber | Citigroup | Raises | Buy | $50.00 | $42.00 |
| Charles Minervino | Susquehanna | Raises | Positive | $48.00 | $46.00 |
| Keith Mackey | RBC Capital | Maintains | Outperform | $43.00 | $43.00 |
| Kurt Hallead | Benchmark | Maintains | Buy | $42.00 | $42.00 |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Baker Hughes. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Baker Hughes compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Baker Hughes's stock. This examination reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Baker Hughes's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Baker Hughes analyst ratings.
Get to Know Baker Hughes Better
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.
Baker Hughes: Financial Performance Dissected
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Baker Hughes showcased positive performance, achieving a revenue growth rate of 4.02% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Baker Hughes's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.09% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Baker Hughes's ROE stands out, surpassing industry averages. With an impressive ROE of 4.82%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Baker Hughes's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.07% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Baker Hughes's debt-to-equity ratio is below the industry average at 0.37, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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