Baker Hughes (NASDAQ:BKR) Given Consensus Rating of "Moderate Buy" by Brokerages

Baker Hughes (NASDAQ:BKR - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $47.12.

Several equities research analysts recently issued reports on the company. Bank of America lifted their price objective on Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Morgan Stanley boosted their price target on Baker Hughes from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. UBS Group decreased their price objective on Baker Hughes from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, September 18th. Wells Fargo & Company lifted their target price on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Finally, Atb Cap Markets cut shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th.

Baker Hughes Price Performance

Shares of BKR stock traded up $0.17 during trading hours on Monday, hitting $42.83. 4,680,616 shares of the company's stock were exchanged, compared to its average volume of 5,894,611. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $45.17. The firm has a market cap of $42.38 billion, a P/E ratio of 19.21, a P/E/G ratio of 0.72 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $41.82 and a two-hundred day moving average of $37.74.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Sell-side analysts forecast that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes's dividend payout ratio (DPR) is presently 37.67%.

Institutional Trading of Baker Hughes

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bridges Investment Management Inc. lifted its stake in Baker Hughes by 3.1% during the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company's stock worth $333,000 after purchasing an additional 273 shares in the last quarter. Graypoint LLC raised its holdings in shares of Baker Hughes by 3.0% in the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company's stock valued at $372,000 after buying an additional 301 shares during the period. First Trust Direct Indexing L.P. lifted its stake in Baker Hughes by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company's stock worth $1,079,000 after acquiring an additional 398 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Baker Hughes by 4.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,027 shares of the company's stock valued at $326,000 after acquiring an additional 401 shares during the period. Finally, Brooklyn Investment Group grew its position in Baker Hughes by 7.8% in the 3rd quarter. Brooklyn Investment Group now owns 6,756 shares of the company's stock valued at $244,000 after acquiring an additional 490 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

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.