Baker Hughes, a GE (BHGE) PT Set at $31.00 by Jefferies Group

Jefferies Group set a $31.00 target price on Baker Hughes, a GE (NYSE:BHGE) in a report issued on Wednesday morning. The brokerage currently has a hold rating on the stock. Jefferies Group also issued estimates for Baker Hughes, a GE’s Q1 2018 earnings at $0.06 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $0.80 EPS, FY2019 earnings at $1.65 EPS and FY2020 earnings at $2.60 EPS.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada set a $35.00 price objective on Baker Hughes, a GE and gave the company a buy rating in a report on Thursday, December 21st. Cowen set a $55.00 price objective on Baker Hughes, a GE and gave the company a buy rating in a report on Thursday, January 11th. Citigroup lowered their price objective on Baker Hughes, a GE from $40.00 to $35.00 and set a buy rating on the stock in a report on Tuesday, February 13th. UBS raised Baker Hughes, a GE from a neutral rating to a buy rating and set a $38.00 price objective on the stock in a report on Thursday, March 8th. Finally, Edward Jones raised Baker Hughes, a GE from a hold rating to a buy rating in a report on Thursday, March 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Baker Hughes, a GE presently has an average rating of Hold and a consensus target price of $37.61.

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NYSE BHGE opened at $29.58 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.08. Baker Hughes, a GE has a 52-week low of $25.53 and a 52-week high of $43.27. The stock has a market cap of $12,554.91, a P/E ratio of 56.88, a P/E/G ratio of 4.71 and a beta of 0.76.

Baker Hughes, a GE (NYSE:BHGE) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes, a GE had a positive return on equity of 0.10% and a negative net margin of 2.79%. The firm had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. The company’s quarterly revenue was down 2.7% on a year-over-year basis. analysts predict that Baker Hughes, a GE will post 0.79 earnings per share for the current fiscal year.

In other news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the insider now owns 25,190 shares of the company’s stock, valued at approximately $881,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Kessler Investment Group LLC boosted its stake in shares of Baker Hughes, a GE by 18.7% during the 4th quarter. Kessler Investment Group LLC now owns 10,852 shares of the company’s stock worth $343,000 after acquiring an additional 1,711 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Baker Hughes, a GE by 8.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 26,470 shares of the company’s stock worth $838,000 after acquiring an additional 2,080 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Baker Hughes, a GE by 14.5% during the 4th quarter. LPL Financial LLC now owns 16,467 shares of the company’s stock worth $521,000 after acquiring an additional 2,084 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Baker Hughes, a GE by 7.5% during the 4th quarter. Norinchukin Bank The now owns 34,234 shares of the company’s stock worth $1,083,000 after acquiring an additional 2,375 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Baker Hughes, a GE by 3.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 75,732 shares of the company’s stock worth $2,396,000 after acquiring an additional 2,712 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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About Baker Hughes, a GE

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.

Analyst Recommendations for Baker Hughes, a GE (NYSE:BHGE)

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