SunTrust Banks Analysts Give Baker Hughes, a GE (BHGE) a $34.00 Price Target

SunTrust Banks set a $34.00 price target on Baker Hughes, a GE (NYSE:BHGE) in a report issued on Sunday. The firm currently has a hold rating on the stock. SunTrust Banks also issued estimates for Baker Hughes, a GE’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.31 EPS, Q1 2019 earnings at $0.27 EPS and Q3 2019 earnings at $0.41 EPS.

BHGE has been the topic of a number of other research reports. JPMorgan Chase lowered their price target on Baker Hughes, a GE from $30.00 to $29.00 and set a neutral rating on the stock in a research report on Thursday, January 25th. Barclays lowered their price target on Baker Hughes, a GE from $41.00 to $38.00 and set an overweight rating on the stock in a research report on Friday, January 26th. BMO Capital Markets lowered their price target on Baker Hughes, a GE from $37.00 to $35.00 and set a market perform rating on the stock in a research report on Thursday, January 25th. Morgan Stanley lowered their price target on Baker Hughes, a GE from $48.00 to $44.00 and set an overweight rating on the stock in a research report on Thursday, January 25th. Finally, Jefferies Group set a $31.00 price target on Baker Hughes, a GE and gave the stock a hold rating in a research report on Wednesday, April 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Baker Hughes, a GE presently has a consensus rating of Hold and an average price target of $37.69.

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Shares of BHGE stock opened at $34.63 on Friday. The company has a market cap of $14,363.56, a price-to-earnings ratio of 66.60, a price-to-earnings-growth ratio of 5.60 and a beta of 0.75. The company has a current ratio of 2.05, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. Baker Hughes, a GE has a 12-month low of $25.53 and a 12-month high of $42.27.

Baker Hughes, a GE (NYSE:BHGE) last issued its quarterly earnings results on Friday, April 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.41 billion. Baker Hughes, a GE had a positive return on equity of 0.25% and a negative net margin of 1.28%. Baker Hughes, a GE’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) earnings per share. research analysts predict that Baker Hughes, a GE will post 0.76 EPS for the current year.

Several large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB increased its holdings in shares of Baker Hughes, a GE by 16.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 39,061 shares of the company’s stock valued at $1,236,000 after purchasing an additional 5,399 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Baker Hughes, a GE by 8.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,470 shares of the company’s stock valued at $838,000 after purchasing an additional 2,080 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Baker Hughes, a GE in the fourth quarter valued at approximately $484,000. Compagnie Lombard Odier SCmA increased its holdings in shares of Baker Hughes, a GE by 44.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 9,223 shares of the company’s stock valued at $293,000 after purchasing an additional 2,823 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Baker Hughes, a GE by 45.4% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 24,347 shares of the company’s stock valued at $770,000 after purchasing an additional 7,600 shares during the last quarter. 92.20% of the stock is owned by hedge funds and other institutional investors.

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Baker Hughes, a GE Company Profile

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.

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

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