Baker Hughes Gets Upgraded: What Investors Should Know
Fintel reports that on October 25, 2024, Argus Research has changed their stance on Baker Hughes (XTRA:68V) from Hold to Buy.
Analyst Predictions Indicate Significant Growth
As of October 22, 2024, the average one-year price target for Baker Hughes is 40,68 €/share. Predictions for the stock vary from a low of 33,35 € to a high of 51,05 €. This average target indicates a potential 18.85% increase from its most recent closing price of 34,23 € / share.
For insights on companies with the greatest price target upside, check our leaderboard.
Expected Revenue and Earnings
The projected annual revenue for Baker Hughes is 27,622MM, reflecting a small increase of 1.18%. Additionally, the anticipated annual non-GAAP EPS stands at 2.13.
Fund Sentiments Around Baker Hughes
Currently, 1,682 funds or institutions hold positions in Baker Hughes, showing a decrease of 11 owners, or 0.65%, in the last quarter. On average, funds dedicated to 68V represent a portfolio weight of 0.34%, which is up by 9.88%. Over the past three months, total shares owned by institutions rose by 2.57% to reach 1,129,735K shares.
JPMorgan Chase holds 55,015K shares, which accounts for 5.54% ownership in the company. They previously reported 49,542K shares, indicating a strong increase of 9.95%. However, they have reduced their portfolio allocation in 68V by 82.27% over the last quarter.
Dodge & Cox owns 46,059K shares, reflecting a 4.64% stake. Their earlier filing showed 46,165K shares, demonstrating a slight decrease of 0.23%, but they have increased their portfolio allocation in 68V by 8.37% recently.
Capital World Investors holds 37,592K shares, or 3.78% ownership. Their prior filing noted a decrease in holdings from 46,768K shares, marking a 24.41% drop and a portfolio allocation reduction of 16.86% in 68V.
DODGX – Dodge & Cox Stock Fund maintains 33,551K shares, representing 3.38% ownership, with no change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares now owns 31,582K shares, constituting a 3.18% share, up from 31,437K shares, reflecting an increase of 0.46% and a portfolio allocation rise of 2.56% over the last quarter.
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This story originally appeared on Fintel.
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