Bank of America began coverage on shares of Baker Hughes A GE (NYSE:BHGE) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus started coverage on Baker Hughes A GE in a report on Monday, September 10th. They set a buy rating and a $40.00 target price on the stock. B. Riley reiterated a buy rating on shares of Baker Hughes A GE in a report on Monday, September 10th. Barclays reiterated a buy rating and set a $37.00 target price on shares of Baker Hughes A GE in a report on Thursday, July 26th. Piper Jaffray Companies reiterated a buy rating and set a $38.00 target price on shares of Baker Hughes A GE in a report on Monday, July 23rd. Finally, Citigroup increased their target price on Baker Hughes A GE from $40.00 to $43.00 and gave the company a buy rating in a report on Monday, June 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. Baker Hughes A GE has an average rating of Buy and a consensus price target of $37.57.

Shares of NYSE:BHGE opened at $29.94 on Wednesday. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 76.77, a P/E/G ratio of 5.27 and a beta of 0.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 1.90. Baker Hughes A GE has a one year low of $25.53 and a one year high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last announced its earnings results on Friday, July 20th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.57 billion. Baker Hughes A GE had a negative net margin of 0.37% and a positive return on equity of 0.43%. Baker Hughes A GE’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. As a group, equities research analysts forecast that Baker Hughes A GE will post 0.71 earnings per share for the current year.

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

A number of institutional investors have recently modified their holdings of BHGE. Millennium Management LLC boosted its holdings in Baker Hughes A GE by 521.2% in the second quarter. Millennium Management LLC now owns 4,112,049 shares of the company’s stock valued at $135,821,000 after acquiring an additional 3,450,049 shares during the last quarter. Indus Capital Partners LLC acquired a new position in Baker Hughes A GE in the second quarter valued at $28,695,000. Jane Street Group LLC boosted its holdings in Baker Hughes A GE by 949.2% in the second quarter. Jane Street Group LLC now owns 621,120 shares of the company’s stock valued at $20,516,000 after acquiring an additional 561,923 shares during the last quarter. TCW Group Inc. boosted its holdings in Baker Hughes A GE by 13.5% in the second quarter. TCW Group Inc. now owns 4,409,766 shares of the company’s stock valued at $145,654,000 after acquiring an additional 523,729 shares during the last quarter. Finally, Becker Capital Management Inc. boosted its holdings in Baker Hughes A GE by 64.1% in the second quarter. Becker Capital Management Inc. now owns 1,309,745 shares of the company’s stock valued at $43,261,000 after acquiring an additional 511,585 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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.

Recommended Story: How to Use a Moving Average for TradingĀ 

Analyst Recommendations for Baker Hughes A GE (NYSE:BHGE)

Receive News & Ratings for Baker Hughes A GE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes A GE and related companies with MarketBeat.com's FREE daily email newsletter.