TD Cowen Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its price objective increased by TD Cowen from $64.00 to $75.00 in a research report sent to investors on Monday, MarketBeat.com reports. TD Cowen currently has a buy rating on the stock.

Several other brokerages also recently commented on BKR. BMO Capital Markets raised their target price on Baker Hughes from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. HSBC raised their target price on Baker Hughes from $67.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Zephirin Group raised their price target on Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 26th. Piper Sandler raised their price target on Baker Hughes from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Citigroup raised their price target on Baker Hughes from $69.00 to $80.00 and gave the company a “buy” rating in a report on Monday. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.73.

Baker Hughes Stock Down 0.8%

Shares of NASDAQ BKR opened at $68.42 on Monday. Baker Hughes has a 52 week low of $34.56 and a 52 week high of $70.41. The business has a 50-day simple moving average of $61.48 and a two-hundred day simple moving average of $53.92. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79. The company has a market cap of $67.62 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.34 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.49 by $0.09. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Research analysts anticipate that Baker Hughes will post 2.4 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. Baker Hughes’s dividend payout ratio (DPR) is presently 29.39%.

Insiders Place Their Bets

In related news, insider Maria Georgia Magno sold 5,063 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $59.04, for a total transaction of $298,919.52. Following the transaction, the insider directly owned 15,555 shares of the company’s stock, valued at approximately $918,367.20. This trade represents a 24.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William G. Beattie sold 18,023 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total value of $1,032,537.67. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 590,251 shares of company stock worth $35,311,023. 0.19% of the stock is currently owned by insiders.

Institutional Trading of Baker Hughes

A number of hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC lifted its position in Baker Hughes by 4.7% in the 1st quarter. HB Wealth Management LLC now owns 47,997 shares of the company’s stock worth $2,930,000 after buying an additional 2,138 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Baker Hughes in the 1st quarter worth approximately $274,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Baker Hughes by 7.9% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,159,303 shares of the company’s stock worth $70,775,000 after buying an additional 84,500 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Baker Hughes in the 1st quarter worth approximately $300,000. Finally, DSG Capital Advisors LLC bought a new stake in Baker Hughes in the 1st quarter worth approximately $894,000. Institutional investors own 92.06% of the company’s stock.

Baker Hughes News Summary

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

• Positive Sentiment: Broad analyst upgrades following Q1: BKR reported upbeat first‑quarter results (EPS beat) that prompted many firms to boost forecasts and targets, underpinning the bullish analyst revisions. Article Title
• Positive Sentiment: BMO Capital Markets raised its target to $80 and kept an Outperform rating — a sizable upside call that supports further upside expectations. BMO raise
• Positive Sentiment: TD Cowen boosted its target to $75 and kept a Buy rating, joining others in lifting near‑term earnings expectations. TD Cowen raise
• Positive Sentiment: Susquehanna and Citigroup both moved targets to $80 (Susquehanna labeled “positive,” Citi “buy”), while HSBC raised its target to $85 — several large firms signaling meaningful upside. Susquehanna raise HSBC raise Citi raise
• Positive Sentiment: JPMorgan, Stifel and RBC raised targets and kept constructive ratings (Overweight/Buy/Outperform), reinforcing demand‑side confidence in BKR’s outlook. JPMorgan raise Stifel/other lifts
• Neutral Sentiment: UBS raised its price target to $73 but maintained a Neutral rating — a modestly constructive move that is less bullish than the buy/outperform cohort. UBS raise
• Neutral Sentiment: Market commentary frames BKR’s intraday swing as part of broader energy momentum and sector rotation rather than company‑specific negative news. Kalkine article
• Negative Sentiment: Despite the analyst upgrades, BKR is trading lower on heavier than average volume — indicating short‑term profit‑taking or rotation into other energy names, which can cap near‑term upside until buyers absorb supply.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.