TD Securities Issues Pessimistic Forecast for Baker Hughes (NASDAQ:BKR) Stock Price (2025)

Baker Hughes (NASDAQ:BKR – Get Free Report) had its price objective cut by analysts at TD Securities from $50.00 to $49.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 34.43% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price target on Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler cut their price objective on Baker Hughes from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday. Susquehanna decreased their target price on Baker Hughes from $48.00 to $46.00 and set a “positive” rating on the stock in a research note on Thursday. Finally, Evercore ISI dropped their target price on Baker Hughes from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.11.

Read Our Latest Stock Report on Baker Hughes

Baker Hughes Price Performance

NASDAQ:BKR opened at $36.45 on Thursday. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The stock’s fifty day moving average is $41.39 and its two-hundred day moving average is $42.04. The company has a market capitalization of $36.09 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.00 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR – Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.54 billion. Equities analysts expect that Baker Hughes will post 2.59 EPS for the current year.

Insider Transactions at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Baker Hughes

Several hedge funds have recently made changes to their positions in BKR. Norges Bank acquired a new position in Baker Hughes during the fourth quarter worth approximately $829,092,000. Raymond James Financial Inc. acquired a new stake in Baker Hughes during the 4th quarter worth $291,289,000. Neuberger Berman Group LLC grew its position in Baker Hughes by 2,527.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company’s stock worth $136,158,000 after purchasing an additional 3,193,089 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Baker Hughes in the fourth quarter valued at $128,542,000. Finally, Congress Asset Management Co. purchased a new stake in shares of Baker Hughes in the fourth quarter valued at about $107,155,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

About Baker Hughes

(Get Free Report)

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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