In the latest quarter, 13 analysts provided ratings for Baker Hughes BKR, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 8 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 6 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $44.15, a high estimate of $50.00, and a low estimate of $40.00. Surpassing the previous average price target of $42.69, the current average has increased by 3.42%.
Decoding Analyst Ratings: A Detailed Look
The perception of Baker Hughes by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Baker Hughes. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Baker Hughes compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Baker Hughes's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
For valuable insights into Baker Hughes's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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.
Breaking Down Baker Hughes's Financial Performance
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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 competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Baker Hughes's net margin excels beyond industry benchmarks, reaching 11.09%. This signifies efficient cost management and strong financial health.
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 excels beyond industry benchmarks, reaching 2.07%. This signifies efficient management 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.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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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