Cowen Analysts Give Baker Hughes, a GE company Class A (BHGE) a $55.00 Price Target

Cowen set a $55.00 price target on Baker Hughes, a GE company Class A (NYSE:BHGE) in a research note released on Thursday morning. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Baker Hughes, a GE company Class A from a strong sell rating to a hold rating in a research report on Monday, November 13th. Scotiabank set a $44.00 target price on Baker Hughes, a GE company Class A and gave the company a hold rating in a research report on Saturday, October 21st. Citigroup lowered their target price on Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a buy rating on the stock in a research report on Wednesday, October 25th. Barclays set a $41.00 target price on Baker Hughes, a GE company Class A and gave the company a buy rating in a research report on Thursday, October 26th. Finally, Royal Bank of Canada set a $38.00 target price on Baker Hughes, a GE company Class A and gave the company an outperform rating in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $40.58.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $37.20 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $15,928.15, a PE ratio of -19.18, a P/E/G ratio of 2.44 and a beta of 0.76. Baker Hughes, a GE company Class A has a 12-month low of $29.62 and a 12-month high of $63.95.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. The firm’s quarterly revenue was up 77.7% compared to the same quarter last year. research analysts expect that Baker Hughes, a GE company Class A will post 0.44 EPS for the current year.

In other news, insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the insider now owns 25,190 shares of the company’s stock, valued at $881,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthias L. Heilmann bought 1,500 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was purchased at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the transaction, the insider now directly owns 3,500 shares of the company’s stock, valued at approximately $105,140. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Kessler Investment Group LLC grew its position in shares of Baker Hughes, a GE company Class A by 18.7% in the fourth quarter. Kessler Investment Group LLC now owns 10,852 shares of the company’s stock valued at $343,000 after purchasing an additional 1,711 shares during the last quarter. First Bank & Trust acquired a new position in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $101,000. Amica Retiree Medical Trust bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $101,000. Trust Co. of Vermont bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $105,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $108,000. 89.30% of the stock is currently owned by institutional investors.

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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)

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