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

  • 10/17/2018 – Baker Hughes A GE is now covered by analysts at Bank of America Corp. They set a “buy” rating on the stock.
  • 10/11/2018 – Baker Hughes A GE had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $35.00 price target on the stock.
  • 10/10/2018 – Baker Hughes A GE is now covered by analysts at Wolfe Research. They set an “outperform” rating on the stock.
  • 10/9/2018 – Baker Hughes A GE was upgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock.
  • 10/8/2018 – Baker Hughes A GE had its price target lowered by analysts at HSBC Holdings plc to $40.00. They now have a “buy” rating on the stock.
  • 10/7/2018 – Baker Hughes A GE was given a new $42.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 9/18/2018 – Baker Hughes A GE is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $40.00 price target on the stock.
  • 9/10/2018 – Baker Hughes A GE is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $40.00 price target on the stock.
  • 9/10/2018 – Baker Hughes A GE had its “buy” rating reaffirmed by analysts at B. Riley.
  • 8/20/2018 – Baker Hughes A GE was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $42.00 price target on the stock, up previously from $36.00.

NYSE BHGE traded up $0.33 on Friday, hitting $30.79. 52,920 shares of the company were exchanged, compared to its average volume of 3,378,349. The firm has a market cap of $12.67 billion, a PE ratio of 59.21, a P/E/G ratio of 5.43 and a beta of 0.70. Baker Hughes A GE Co has a 12 month low of $25.53 and a 12 month high of $37.76. The company has a quick ratio of 1.36, a current ratio of 1.90 and a debt-to-equity ratio of 0.17.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Friday, July 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.57 billion. Baker Hughes A GE had a positive return on equity of 0.43% and a negative net margin of 0.37%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. On average, equities analysts predict that Baker Hughes A GE Co will post 0.71 earnings per share for the current year.

In related news, insider Matthias L. Heilmann sold 12,000 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $34.00, for a total transaction of $408,000.00. Following the transaction, the insider now directly owns 3,743 shares of the company’s stock, valued at $127,262. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kurt Camilleri sold 2,513 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.00, for a total transaction of $85,442.00. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC lifted its stake in shares of Baker Hughes A GE by 4.1% in the third quarter. Aperio Group LLC now owns 344,299 shares of the company’s stock valued at $11,648,000 after buying an additional 13,463 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Baker Hughes A GE in the third quarter valued at $275,000. Nisa Investment Advisors LLC lifted its stake in shares of Baker Hughes A GE by 26.9% in the third quarter. Nisa Investment Advisors LLC now owns 78,342 shares of the company’s stock valued at $2,650,000 after buying an additional 16,610 shares in the last quarter. RWC Asset Management LLP lifted its stake in shares of Baker Hughes A GE by 10.6% in the third quarter. RWC Asset Management LLP now owns 188,960 shares of the company’s stock valued at $6,393,000 after buying an additional 18,164 shares in the last quarter. Finally, Berkshire Asset Management LLC PA lifted its stake in shares of Baker Hughes A GE by 1.3% in the third quarter. Berkshire Asset Management LLC PA now owns 245,466 shares of the company’s stock valued at $8,304,000 after buying an additional 3,108 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

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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