Analysts remain mostly bullish on Baker Hughes, with 20 of 26 having a Buy or Strong Buy rating. Five more rate the stock at Hold. At a share price of around $29.10, the upside potential based on a median price target of $37.00 is about 27.1%. At the high price target of $43.00, the implied upside is 47.8%.
The consensus first-quarter revenue estimate is $5.52 billion, down 6.5% sequentially but up 14.3% year over year. Adjusted EPS are forecast to drop sequentially by 31% to $0.23. That would be a year-over-year improvement of more than 73%, however. For the full 2023 fiscal year, analysts forecast EPS up nearly 73% to $1.56 on sales of $24.93 billion, up 17.8%.
Baker Hughes stock trades at 18.7 times expected 2023 EPS, 14.1 times estimated 2024 earnings of $2.07 and 11.7 times estimated 2025 earnings of $2.48. The stock’s 52-week range is $20.41 to $38.66. Baker Hughes pays an annual dividend of $0.76 (yield of 2.91%). Total shareholder return for the past year was negative 19.96%.
Morgan Stanley
Morgan Stanley (NYSE: MS) has seen its share price increase by about 2.8% over the past 12 months. Shares have gained nearly 16% over the past six months, including a drop of about 13.5% since mid-February. For the past year, Morgan Stanley trails only JPMorgan (up 9.88%) and Goldman Sachs (up 4.82%) among the big banks that have posted share price gains. A strong beat on Wednesday could add to the bank’s luster after a decidedly difficult 2022.
Sentiment remains bullish on the stock, with 15 of 26 brokerages having a Buy or Strong Buy rating. Another 10 rate the shares at Hold. At a price of around $87.50 a share, the upside potential based on a median price target of $100.50 is about 13%. At the high target of $112.00, the upside potential is 28%.
The consensus estimate for first-quarter revenue is $13.96 billion, up 9.5% sequentially but 5.7% lower year over year. Adjusted EPS are forecast at $1.66, up 26.8% sequentially and down 13.1% year over year. For the full 2023 fiscal year, analysts anticipate revenue of $55.76 billion, up 3.9%, and EPS of $6.75, up 6.1%.
Morgan Stanley stock trades at 13.0 times expected 2023 EPS, 11.4 times estimated 2024 earnings of $7.72 and 10.3 times estimated 2025 earnings of $8.52 per share. The stock’s 52-week range is $72.05 to $100.99, and the bank pays an annual dividend of $3.10 (yield of 3.58%). Total shareholder return over the past year was 7.17%.
Originally published at 24/7 Wall St.
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