Market Analysts see Baker Hughes Company [BKR] gaining to $29. Time to buy?

Baker Hughes Company [NYSE: BKR] gained 0.59% or 0.15 points to close at $25.54 with a heavy trading volume of 6366003 shares. The company report on May 15, 2021 that Baker Hughes Declares Quarterly Dividend.

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Baker Hughes (NYSE: BKR) announced that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on June 4, 2021 to holders of record on May 25, 2021.

About Baker Hughes:Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

It opened the trading session at $25.52, the shares rose to $25.66 and dropped to $25.174, the range by which the price of stock traded the whole day. The daily chart for BKR points out that the company has recorded 37.46% gains over the past six months. However, it is still -110.55% lower than its most recent low trading price.

If we look at the average trading volume of 9.61M shares, BKR reached to a volume of 6366003 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Baker Hughes Company [BKR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKR shares is $27.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BKR stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Baker Hughes Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 13, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $25 to $28. The new note on the price target was released on May 03, 2021, representing the official price target for Baker Hughes Company stock. Previously, the target price had yet another raise from $21 to $27, while Citigroup kept a Buy rating on BKR stock. On April 19, 2021, analysts decreased their price target for BKR shares from 27 to 26.

The Average True Range (ATR) for Baker Hughes Company is set at 0.91, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 4.93.

Trading performance analysis for BKR stock

Baker Hughes Company [BKR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.75. With this latest performance, BKR shares gained by 28.86% in over the last four-week period, additionally plugging by 37.46% over the last 6 months – not to mention a rise of 65.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BKR stock in for the last two-week period is set at 66.79, with the RSI for the last a single of trading hit 67.95, and the three-weeks RSI is set at 64.19 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 22.16, while it was recorded at 25.66 for the last single week of trading, and 19.46 for the last 200 days.

Baker Hughes Company [BKR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Baker Hughes Company [BKR] shares currently have an operating margin of +3.25 and a Gross Margin at +18.03. Baker Hughes Company’s Net Margin is presently recorded at -48.01.

Return on Total Capital for BKR is now 1.96, given the latest momentum, and Return on Invested Capital for the company is -40.49. Return on Equity for this stock declined to -57.09, with Return on Assets sitting at -21.76. When it comes to the capital structure of this company, Baker Hughes Company [BKR] has a Total Debt to Total Equity ratio set at 65.48. Additionally, BKR Total Debt to Total Capital is recorded at 39.57, with Total Debt to Total Assets ending up at 22.21. Long-Term Debt to Equity for the company is recorded at 56.89, with the Long-Term Debt to Total Capital now at 34.38.

Reflecting on the efficiency of the workforce at the company, Baker Hughes Company [BKR] managed to generate an average of -$180,727 per employee. Receivables Turnover for the company is 3.44 with a Total Asset Turnover recorded at a value of 0.45.Baker Hughes Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.

Baker Hughes Company [BKR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Baker Hughes Company posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baker Hughes Company go to 3.25%.

An analysis of insider ownership at Baker Hughes Company [BKR]

There are presently around $25,793 million, or 92.10% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: GENERAL ELECTRIC CO with ownership of 311,432,660, which is approximately -10.877% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 83,082,611 shares of the stock with an approximate value of $2.12 billion in BKR stocks shares; and VANGUARD GROUP INC, currently with $2.0 billion in BKR stock with ownership of nearly 7.122% of the company’s market capitalization.

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Positions in Baker Hughes Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 330 institutional holders increased their position in Baker Hughes Company [NYSE:BKR] by around 84,260,833 shares. Additionally, 197 investors decreased positions by around 96,338,231 shares, while 64 investors held positions by with 829,325,955 shares. The mentioned changes placed institutional holdings at 1,009,925,019 shares, according to the latest SEC report filing. BKR stock had 97 new institutional investments in for a total of 13,173,122 shares, while 54 institutional investors sold positions of 6,111,387 shares during the same period.

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