SunTrust Banks Equities Analysts Increase Earnings Estimates for Baker Hughes, a GE company (BHGE)

Baker Hughes, a GE company (NYSE:BHGE) – Research analysts at SunTrust Banks upped their FY2018 earnings per share estimates for shares of Baker Hughes, a GE in a research note issued to investors on Sunday, April 22nd. SunTrust Banks analyst K. Sill now forecasts that the company will post earnings of $0.76 per share for the year, up from their prior estimate of $0.64. SunTrust Banks currently has a “Hold” rating and a $34.00 target price on the stock. SunTrust Banks also issued estimates for Baker Hughes, a GE’s Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $1.54 EPS.

Several other analysts have also recently issued reports on BHGE. Credit Suisse Group upped their price target on shares of Baker Hughes, a GE from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday. Edward Jones raised shares of Baker Hughes, a GE from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Zacks Investment Research raised shares of Baker Hughes, a GE from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 price target on shares of Baker Hughes, a GE in a report on Sunday. Finally, Cowen set a $55.00 price target on shares of Baker Hughes, a GE and gave the company a “buy” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.69.

Shares of BHGE stock opened at $35.11 on Wednesday. The firm has a market capitalization of $14,769.24, a PE ratio of 67.52, a PEG ratio of 5.87 and a beta of 0.76. The company has a quick ratio of 1.48, a current ratio of 2.05 and a debt-to-equity ratio of 0.17. Baker Hughes, a GE has a twelve month low of $25.53 and a twelve month high of $42.27.

Baker Hughes, a GE (NYSE:BHGE) last announced its earnings results on Friday, April 20th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.41 billion. Baker Hughes, a GE had a negative net margin of 1.28% and a positive return on equity of 0.25%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share.

Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Baker Hughes, a GE by 5.5% during the fourth quarter. BlackRock Inc. now owns 30,916,382 shares of the company’s stock worth $978,192,000 after purchasing an additional 1,618,832 shares during the period. American Century Companies Inc. raised its holdings in shares of Baker Hughes, a GE by 29.7% during the fourth quarter. American Century Companies Inc. now owns 7,762,412 shares of the company’s stock worth $245,603,000 after purchasing an additional 1,777,693 shares during the period. Geode Capital Management LLC raised its holdings in shares of Baker Hughes, a GE by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 4,512,342 shares of the company’s stock worth $142,472,000 after purchasing an additional 124,117 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Baker Hughes, a GE by 19.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,132,870 shares of the company’s stock worth $130,762,000 after purchasing an additional 671,600 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Baker Hughes, a GE by 30.1% during the fourth quarter. Two Sigma Advisers LP now owns 3,270,668 shares of the company’s stock worth $103,484,000 after purchasing an additional 757,113 shares during the period. 92.20% of the stock is currently owned by institutional investors.

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Baker Hughes, a GE Company Profile

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.

Earnings History and Estimates for Baker Hughes, a GE (NYSE:BHGE)

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