Royal Bank of Canada Reaffirms Buy Rating for Baker Hughes A GE Co (NYSE:BHI)

Royal Bank of Canada reaffirmed their buy rating on shares of Baker Hughes A GE Co (NYSE:BHI) in a research report sent to investors on Wednesday, October 25th. The brokerage currently has a $38.00 price objective on the oilfield services provider’s stock.

BHI has been the subject of several other research reports. Barclays PLC began coverage on shares of Baker Hughes A GE in a research report on Thursday, August 31st. They issued a buy rating and a $41.00 price target for the company. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. Morgan Stanley assumed coverage on shares of Baker Hughes A GE in a research note on Monday, July 17th. They set an overweight rating and a $60.00 price target on the stock. FBR & Co initiated coverage on shares of Baker Hughes A GE in a research note on Monday, July 17th. They set a mkt perform rating and a $42.00 price target on the stock. Finally, Jefferies Group LLC restated a hold rating and issued a $67.00 price objective on shares of Baker Hughes A GE in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $59.00.

Shares of Baker Hughes A GE (NYSE:BHI) traded up $3.17 during trading on Wednesday, reaching $57.68. 4,124,500 shares of the company were exchanged, compared to its average volume of 2,667,498. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 4.21. Baker Hughes A GE has a 1 year low of $43.09 and a 1 year high of $68.59.

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A number of institutional investors have recently added to or reduced their stakes in BHI. Winslow Evans & Crocker Inc. grew its stake in shares of Baker Hughes A GE by 7.9% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,880 shares of the oilfield services provider’s stock worth $103,000 after purchasing an additional 138 shares during the last quarter. Partners Capital Investment Group Holdings LLC grew its stake in shares of Baker Hughes A GE by 0.3% in the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider’s stock worth $116,000 after purchasing an additional 5 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of Baker Hughes A GE in the 2nd quarter worth approximately $132,000. D.A. Davidson & CO. grew its stake in shares of Baker Hughes A GE by 4.0% in the 2nd quarter. D.A. Davidson & CO. now owns 3,011 shares of the oilfield services provider’s stock worth $164,000 after purchasing an additional 117 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Baker Hughes A GE by 16.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,482 shares of the oilfield services provider’s stock worth $190,000 after purchasing an additional 493 shares during the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes A GE Company Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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

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