Research Analysts’ Recent Ratings Changes for Baker Hughes, a GE (BHGE)

Baker Hughes, a GE (NYSE: BHGE) recently received a number of ratings updates from brokerages and research firms:

  • 4/4/2018 – Baker Hughes, a GE was given a new $31.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 4/3/2018 – Baker Hughes, a GE was upgraded by analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating. They now have a $39.00 price target on the stock.
  • 4/2/2018 – Baker Hughes, a GE was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating. They now have a $33.00 price target on the stock, up previously from $27.77.
  • 3/29/2018 – Baker Hughes, a GE was upgraded by analysts at Edward Jones from a “hold” rating to a “buy” rating.
  • 3/15/2018 – Baker Hughes, a GE had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $45.00 price target on the stock.
  • 3/8/2018 – Baker Hughes, a GE was upgraded by analysts at UBS from a “neutral” rating to a “buy” rating. They now have a $38.00 price target on the stock.
  • 3/1/2018 – Baker Hughes, a GE was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 2/26/2018 – Baker Hughes, a GE was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating. They now have a $33.00 price target on the stock, up previously from $28.03.
  • 2/13/2018 – Baker Hughes, a GE had its price target lowered by analysts at Citigroup from $40.00 to $35.00. They now have a “buy” rating on the stock.
  • 2/9/2018 – Baker Hughes, a GE was given a new $30.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “hold” rating on the stock.
  • 2/9/2018 – Baker Hughes, a GE was given a new $30.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.

Shares of BHGE stock traded down $0.28 on Monday, reaching $29.30. 193,813 shares of the stock were exchanged, compared to its average volume of 5,574,942. The company has a market cap of $12,499.97, a P/E ratio of 56.35, a PEG ratio of 4.75 and a beta of 0.75. Baker Hughes, a GE company has a one year low of $25.53 and a one year high of $43.27. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16.

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Baker Hughes, a GE (NYSE:BHGE) last released its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. Baker Hughes, a GE had a positive return on equity of 0.10% and a negative net margin of 2.79%. The business’s revenue was down 2.7% on a year-over-year basis. equities research analysts anticipate that Baker Hughes, a GE company will post 0.78 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 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 completion of the sale, the insider now owns 25,190 shares in the company, valued at $881,650. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new stake in Baker Hughes, a GE in the third quarter valued at about $82,931,000. Stifel Financial Corp bought a new stake in Baker Hughes, a GE in the third quarter valued at about $1,000,000. California State Teachers Retirement System bought a new stake in Baker Hughes, a GE in the third quarter valued at about $28,135,000. Private Advisor Group LLC bought a new stake in Baker Hughes, a GE in the third quarter valued at about $235,000. Finally, Envestnet Asset Management Inc. bought a new stake in Baker Hughes, a GE in the third quarter valued at about $893,000. Institutional investors own 92.27% of the company’s stock.

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.

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