Baker Hughes (NASDAQ:BKR) Given New $68.00 Price Target at Morgan Stanley

Baker Hughes (NASDAQ:BKR) had its target price decreased by equities research analysts at Morgan Stanley from $70.00 to $68.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley‘s price objective would suggest a potential upside of 24.29% from the company’s previous close.

Several other equities analysts also recently weighed in on BKR. The Goldman Sachs Group initiated coverage on shares of Baker Hughes in a report on Tuesday, September 29th. They set a “buy” rating and a $71.00 price target on the stock. Wall Street Zen cut Baker Hughes from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Barclays lowered their price target on Baker Hughes from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday. Susquehanna boosted their target price on Baker Hughes from $72.00 to $75.00 and gave the stock a “positive” rating in a research note on Thursday, September 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Baker Hughes from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.43.

Baker Hughes Stock Performance

Shares of BKR traded up $0.05 during trading hours on Thursday, hitting $54.71. The company’s stock had a trading volume of 3,112,610 shares, compared to its average volume of 8,658,504. The company has a market cap of $54.31 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.09 and a quick ratio of 1.76. The business has a 50 day simple moving average of $58.48 and a two-hundred day simple moving average of $59.99. Baker Hughes has a 52-week low of $44.26 and a 52-week high of $70.41.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 13.85%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, equities analysts expect that Baker Hughes will post 2.57 earnings per share for the current fiscal year.

Institutional Trading of Baker Hughes

A number of hedge funds have recently modified their holdings of BKR. Traynor Capital Management Inc. acquired a new position in shares of Baker Hughes in the third quarter valued at approximately $284,000. Bank Julius Baer & Co. Ltd Zurich increased its position in Baker Hughes by 34.8% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 28,713 shares of the company’s stock worth $1,577,000 after purchasing an additional 7,415 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Baker Hughes during the 3rd quarter valued at $38,380,000. Moss Adams Wealth Advisors LLC raised its holdings in Baker Hughes by 11.6% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 4,937 shares of the company’s stock valued at $271,000 after buying an additional 514 shares during the last quarter. Finally, Avestar Capital LLC boosted its holdings in Baker Hughes by 9.1% in the third quarter. Avestar Capital LLC now owns 9,996 shares of the company’s stock valued at $549,000 after acquiring an additional 837 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes News Roundup

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: AI infrastructure demand is a major growth catalyst. Baker Hughes secured an approximately 1.1-gigawatt order from a major U.S. technology company for power-generation and cooling solutions, including turbines, generators, gearboxes and Chart dry coolers. Major U.S. Technology Company Selects Baker Hughes’ Power Generation and Cooling Solutions
• Positive Sentiment: Integrated Energy Technologies momentum improved. Management raised its 2026 IET orders outlook to $21.5 billion-$23.5 billion as data-center power and LNG demand strengthened the backlog. Third-quarter orders totaled $10.8 billion, while total remaining performance obligations reached a record $46.4 billion, including $39.4 billion in IET. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds
• Positive Sentiment: Baker Hughes also won a significant subsea production-systems and services contract from Eni for the Cronos gas development offshore Cyprus, booked in the third quarter. Baker Hughes Wins Subsea Award for Eni’s Cronos Gas Development
• Neutral Sentiment: Adjusted third-quarter EPS of $0.70 and revenue of $8.03 billion exceeded consensus estimates of $0.61 and $7.75 billion, respectively. The company also declared its regular $0.23-per-share quarterly dividend.
• Negative Sentiment: Despite the adjusted earnings beat, reported profit declined year over year, increasing concerns that near-term earnings are not fully reflecting the strong order momentum.
• Negative Sentiment: Barclays lowered its BKR price target from $72 to $62 and maintained an “equal weight” rating, signaling more limited upside expectations even though the new target remains above the current share price. Barclays Stock Recommendations

Baker Hughes Company Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.