Baker Hughes (NASDAQ:BKR) Receives Consensus Rating of "Moderate Buy" from Analysts

Baker Hughes (NASDAQ:BKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $49.11.

A number of equities analysts have issued reports on the stock. Susquehanna cut their target price on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. TD Securities dropped their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada decreased their target price on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. JFS Wealth Advisors LLC increased its stake in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after acquiring an additional 386 shares during the last quarter. Wayfinding Financial LLC bought a new position in Baker Hughes in the 1st quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in shares of Baker Hughes in the fourth quarter worth about $30,000. Larson Financial Group LLC lifted its holdings in shares of Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after buying an additional 216 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after purchasing an additional 604 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

NASDAQ BKR opened at $36.49 on Friday. The stock has a market capitalization of $36.15 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 2.00 and a beta of 0.96. The business's 50 day moving average is $39.72 and its two-hundred day moving average is $42.03. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The firm had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. Research analysts expect that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's dividend payout ratio is 31.40%.

About Baker Hughes

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.

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