Analysts remain solidly bullish on Baker Hughes stock, with 19 of 24 having a Buy or Strong Buy rating. The other five rated the shares at Hold. At a recent price of around $30.70 a share, the upside potential based on a median price target of $34.00 is about 10.7%. At the high price target of $39.00, the implied upside is 27%.
The consensus fourth-quarter revenue estimate is $6.07 billion, which would be up 13.1% sequentially and 10.0% higher year over year. Adjusted EPS are forecast to jump sequentially by 54.3% to $0.40. That is a year-over-year improvement of 60%. For the full 2022 fiscal year, analysts forecast EPS to be up 46.5% to $0.92 on sales of $21.33 billion, up 3.9%.
Baker Hughes stock trades at about 33.2 times expected 2022 EPS, 18.6 times estimated 2023 earnings of $1.65 and 14.2 times estimated 2024 earnings of $2.16. The stock’s 52-week trading range is $20.41 to $39.78. Baker Hughes pays an annual dividend of $0.76 (yield of 2.47%). Total shareholder return for the past year was 17.5%.
Synchrony Financial
Synchrony Financial (NYSE: SYF) has seen its stock price decline by nearly 30% over the past 12 months. Unlike the country’s biggest banks, Synchrony is paying depositors as much as 3.75% on savings accounts, massively higher than Bankrate’s January national average of 0.32%. The bank has no branch offices, does not accept cash deposits, and does not offer checking accounts. It does offer merchant-partner credit cards, and that is a risk these days. Synchrony’s loan-loss provision will weigh heavily on the reaction to its quarterly results.
Of 21 analysts covering the firm, 12 have a Buy or a Strong Buy rating, and seven have Hold ratings. At a share price of around $31.40, the implied gain based on a median price target of $38.50 is 22.6%. At the high price target of $56.00, the upside potential on the stock is 78.3%.
The consensus estimate for fourth-quarter revenue is $3.05 billion, up 4.5% sequentially and by 11.7% year over year. Expected EPS of $1.13 would be 23.1% lower sequentially and down 15.7% year over year. For the full year, analysts are forecasting EPS of $5.96, down 13.1%, and revenue of $11.9 billion, up 16.8%.
Synchrony stock trades at around 5.3 times expected 2022 EPS, 6.3 times estimated 2022 EPS of $4.98 and 5.8 times estimated 2023 earnings of $5.48 per share. The stock’s 52-week range is $27.21 to $46.88. The company pays an annual dividend of $0.92 (yield of 2.74%). Total shareholder return for the past year was negative 29.1%.
Originally published 24/7 Wall St.
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