why Baker Hughes Company [BKR] is a Good Choice for Investors After New Price Target of $29.50

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Baker Hughes Company [NYSE: BKR] price plunged by -4.39 percent to reach at -$1.06. The company report on November 23, 2021 that Baker Hughes Announces Date for Fourth Quarter and Full-Year 2021 Earnings Release and Webcast.

Baker Hughes (NYSE: BKR) will hold a webcast on Thursday, January 20, 2022 to discuss the results for the fourth quarter and full year ending December 31, 2021. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).


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To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.

A sum of 7817544 shares traded at recent session while its average daily volume was at 9.24M shares. Baker Hughes Company shares reached a high of $23.18 and dropped to a low of $22.49 until finishing in the latest session at $23.06.

The one-year BKR stock forecast points to a potential upside of 21.83. The average equity rating for BKR stock is currently 1.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $29.50 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.

The Benchmark Company have made an estimate for Baker Hughes Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 19, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on September 09, 2021, representing the official price target for Baker Hughes Company stock. Previously, the target price had yet another raise from $28 to $31, while Cowen kept a Outperform rating on BKR stock.

The Average True Range (ATR) for Baker Hughes Company is set at 0.96, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 3.91. Price to Free Cash Flow for BKR in the course of the last twelve months was 39.31 with Quick ratio for the last quarter at 1.20.

BKR Stock Performance Analysis:

Baker Hughes Company [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.64. With this latest performance, BKR shares dropped by -7.80% in over the last four-week period, additionally sinking by -5.49% over the last 6 months – not to mention a rise of 16.58% 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 40.95, with the RSI for the last a single of trading hit 39.08, and the three-weeks RSI is set at 43.11 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 24.84, while it was recorded at 23.23 for the last single week of trading, and 23.27 for the last 200 days.

Insight into Baker Hughes Company Fundamentals:

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.

BKR Stock EPS

With the latest financial reports released by the company, Baker Hughes Company posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/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.

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Baker Hughes Company [BKR] Insider Position Details

There are presently around $23,316 million, or 97.20% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: GENERAL ELECTRIC CO with ownership of 214,026,897, which is approximately -20.064% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 101,199,348 shares of the stock with an approximate value of $2.33 billion in BKR stocks shares; and VANGUARD GROUP INC, currently with $2.07 billion in BKR stock with ownership of nearly 8.923% of the company’s market capitalization.

Positions in Baker Hughes Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 288 institutional holders increased their position in Baker Hughes Company [NYSE:BKR] by around 90,465,649 shares. Additionally, 244 investors decreased positions by around 94,687,911 shares, while 75 investors held positions by with 825,951,117 shares. The mentioned changes placed institutional holdings at 1,011,104,677 shares, according to the latest SEC report filing. BKR stock had 61 new institutional investments in for a total of 8,119,094 shares, while 74 institutional investors sold positions of 5,371,290 shares during the same period.