Royal Bank of Canada Analysts Give Baker Hughes, a GE company Class A (NYSE:BHGE) a $35.00 Price Target

Royal Bank of Canada set a $35.00 price objective on Baker Hughes, a GE company Class A (NYSE:BHGE) in a research report released on Thursday, December 21st. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Cowen set a $50.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a buy rating in a research report on Wednesday, October 18th. Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They issued a buy rating on the stock. Morgan Stanley set a $53.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a buy rating in a report on Monday, October 23rd. Citigroup lowered their price target on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a buy rating on the stock in a report on Wednesday, October 25th. Finally, Barclays set a $41.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a buy rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Baker Hughes, a GE company Class A has an average rating of Hold and a consensus target price of $40.58.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $37.20 on Thursday. Baker Hughes, a GE company Class A has a 12 month low of $29.62 and a 12 month high of $40.82. The firm has a market cap of $15,628.43, a price-to-earnings ratio of -19.18, a PEG ratio of 2.39 and a beta of 0.76. The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.08.

Baker Hughes, a GE company Class A (NYSE:BHGE) last posted its quarterly earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The firm’s revenue was up 77.7% on a year-over-year basis. sell-side analysts expect that Baker Hughes, a GE company Class A will post 0.45 EPS for the current year.

In other Baker Hughes, a GE company Class A news, insider Matthias L. Heilmann purchased 1,500 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were bought at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the completion of the purchase, the insider now directly owns 3,500 shares of the company’s stock, valued at $105,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the insider now owns 25,190 shares in the company, valued at $881,650. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at approximately $1,150,154,000. American Century Companies Inc. purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at approximately $219,160,000. TCW Group Inc. purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at approximately $139,949,000. Bank of New York Mellon Corp purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at approximately $126,754,000. Finally, Janus Henderson Group PLC purchased a new position in Baker Hughes, a GE company Class A in the third quarter valued at approximately $84,073,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.

WARNING: “Royal Bank of Canada Analysts Give Baker Hughes, a GE company Class A (NYSE:BHGE) a $35.00 Price Target” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/14/baker-hughes-a-ge-company-class-a-bhge-pt-set-at-35-00-by-royal-bank-of-canada-2.html.

About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

Analyst Recommendations for Baker Hughes, a GE company Class A (NYSE:BHGE)

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

Leave a Reply