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Citi Maintains Buy Rating on Baker Hughes (BKR), Cites Lack of Strategy Update
Yahoo Financeยท 2025-10-30 02:24
Core Insights - Baker Hughes Company (NASDAQ:BKR) is recognized as one of the 13 most undervalued dividend stocks to buy according to Wall Street analysts [1][2] - Citi analyst Scott Gruber has maintained a Buy rating on Baker Hughes but has reduced the price target from $56 to $55, citing a solid third-quarter performance but disappointment over the lack of a strategic update [3] Financial Performance - In the third quarter of 2025, Baker Hughes reported revenue of $7 billion, marking a 1% year-over-year increase [4] - The company generated $929 million in operating cash flow and $699 million in free cash flow, which has supported four consecutive years of dividend growth [4] - Baker Hughes currently offers a quarterly dividend of $0.23 per share, resulting in a dividend yield of 1.90% as of October 29 [4]