Baker Hughes Co (NASDAQ: BKR): Analyst View Points To Future Growth

Baker Hughes Co (BKR) concluded trading on Wednesday at a closing price of $44.31, with 8.09 million shares of worth about $358.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.08% during that period and on November 20, 2024 the price saw a gain of about 3.36%. Currently the company’s common shares owned by public are about 997.71M shares, out of which, 988.42M shares are available for trading.

Stock saw a price change of 2.88% in past 5 days and over the past one month there was a price change of 23.15%. Year-to-date (YTD), BKR shares are showing a performance of 29.64% which increased to 30.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.32 but also hit the highest price of $44.49 during that period. The average intraday trading volume for Baker Hughes Co shares is 6.51 million. The stock is currently trading 8.73% above its 20-day simple moving average (SMA20), while that difference is up 16.32% for SMA50 and it goes to 28.99% higher than SMA200.

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Baker Hughes Co (NASDAQ: BKR) currently have 997.71M outstanding shares and institutions hold larger chunk of about 94.56% of that.

The stock has a current market capitalization of $43.85B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 19.84, while it has posted earnings per share of $2.23 in the same period. Its PEG reads 0.53 and has Quick Ratio of 0.88 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKR, volatility over the week remained 2.23% while standing at 2.62% over the month.

Stock’s fiscal year EPS is expected to rise by 44.63% while it is estimated to increase by 11.68% in next year. EPS is likely to grow at an annualized rate of 37.50% for next 5-years, compared to annual growth of 33.59% made by the stock over the past 5-years.

Coverage by Wells Fargo stated Baker Hughes Co (BKR) stock as an Overweight in their note to investors on September 25, 2024, suggesting a price target of $42 for the stock. Stock get an Outperform rating from TD Cowen on January 25, 2024.

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