Baker Hughes Co (NASDAQ: BKR): Stock That Needs Special Handling

Currently, there are 997.71M common shares owned by the public and among those 992.33M shares have been available to trade.

The company’s stock has a 5-day price change of -0.94% and 3.09% over the past three months. BKR shares are trading 5.27% year to date (YTD), with the 12-month market performance up to 3.27% higher. It has a 12-month low price of $28.32 and touched a high of $39.05 over the same period. BKR has an average intraday trading volume of 6.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.40%, 1.18%, and 8.11% respectively.

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Institutional ownership of Baker Hughes Co (NASDAQ: BKR) shares accounts for 94.04% of the company’s 997.71M shares outstanding.

It has a market capitalization of $35.74B and a beta (3y monthly) value of 1.37. The stock’s trailing 12-month PE ratio is 18.21, while the earnings-per-share (ttm) stands at $1.98. The company has a PEG of 0.49 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.87% over the week and 2.18% over the month.

Earnings per share for the fiscal year are expected to increase by 40.97%, and 18.49% over the next financial year. EPS should grow at an annualized rate of 37.50% over the next five years, compared to 33.59% over the past 5-year period.

Looking at the support for the BKR, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on September 25, 2024, with the firm’s price target at $40-$42. TD Cowen coverage for the Baker Hughes Co (BKR) stock in a research note released on July 29, 2024 offered a Buy rating with a price target of $50. Wolfe Research was of a view on January 29, 2024 that the stock is Peer Perform, while TD Cowen gave the stock Outperform rating on January 25, 2024, issuing a price target of $46- $49. BofA Securities on their part issued Buy rating on July 12, 2023.

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