Baker Hughes, a GE company Class A (BHGE) PT Set at $30.00 by Royal Bank of Canada

Royal Bank of Canada set a $30.00 target price on Baker Hughes, a GE company Class A (NYSE:BHGE) in a report published on Friday morning. The firm currently has a buy rating on the stock.

BHGE has been the subject of a number of other research reports. Cowen set a $50.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a buy rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of Baker Hughes, a GE company Class A from a strong sell rating to a hold rating in a research note on Monday, November 13th. Barclays set a $41.00 price target 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. Scotiabank set a $44.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a hold rating in a research note on Saturday, October 21st. Finally, UBS Group started coverage on shares of Baker Hughes, a GE company Class A in a research note on Thursday, October 19th. They issued a neutral rating and a $36.00 target price for the company. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $38.26.

Baker Hughes, a GE company Class A (NYSE BHGE) opened at $26.85 on Friday. The company has a market cap of $11,350.00 and a PE ratio of -4.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.08. Baker Hughes, a GE company Class A has a one year low of $25.68 and a one year high of $40.82.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.60 billion. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. equities analysts expect that Baker Hughes, a GE company Class A will post 0.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, February 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, February 2nd. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is currently -32.98%.

In related news, insider William D. Marsh sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the insider now owns 25,190 shares of the company’s stock, valued at $881,650. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

Several institutional investors have recently modified their holdings of BHGE. First Bank & Trust acquired a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $101,000. Amica Retiree Medical Trust acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $101,000. Trust Co. of Vermont acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $105,000. Westside Investment Management Inc. acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $108,000. Finally, Sun Life Financial INC acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $115,000. 89.98% of the stock is owned by institutional investors and hedge funds.

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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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