During the last three months, 14 analysts shared their evaluations of Baker Hughes BKR, revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 9 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 2 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 4 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Baker Hughes, revealing an average target of $45.57, a high estimate of $50.00, and a low estimate of $41.00. Witnessing a positive shift, the current average has risen by 6.87% from the previous average price target of $42.64.
Breaking Down Analyst Ratings: A Detailed Examination
A clear picture of Baker Hughes's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Baker Hughes. This information provides a snapshot of how analysts perceive 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: Analysts predict movements in price targets, offering estimates for Baker Hughes's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
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.
A Deep Dive into Baker Hughes's Financials
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 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 is impressive, surpassing industry averages. With a net margin of 11.09%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Baker Hughes's ROE excels beyond industry benchmarks, reaching 4.82%. This signifies robust financial management and efficient use of shareholder equity capital.
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: With a below-average debt-to-equity ratio of 0.37, Baker Hughes adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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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