Baker Hughes A GE (NYSE:BHGE) had its price target reduced by research analysts at UBS Group from $45.00 to $38.00 in a research report issued on Monday, www.benzinga.com reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 39.91% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. HSBC reduced their price target on Baker Hughes A GE to $40.00 and set a “buy” rating for the company in a report on Monday, October 8th. Guggenheim cut Baker Hughes A GE from a “hold” rating to a “neutral” rating in a report on Thursday, November 1st. SunTrust Banks upgraded Baker Hughes A GE from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $39.00 in a report on Tuesday, July 24th. Finally, Seaport Global Securities reiterated a “hold” rating and set a $32.00 price target on shares of Baker Hughes A GE in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $36.79.
Shares of NYSE BHGE opened at $27.16 on Monday. The stock has a market capitalization of $10.75 billion, a PE ratio of 52.23, a P/E/G ratio of 4.99 and a beta of 0.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.35. Baker Hughes A GE has a fifty-two week low of $25.53 and a fifty-two week high of $37.76.
Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Baker Hughes A GE will post 0.65 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Advisor Partners LLC lifted its position in Baker Hughes A GE by 28.1% during the third quarter. Advisor Partners LLC now owns 13,333 shares of the company’s stock worth $451,000 after acquiring an additional 2,924 shares during the last quarter. Bessemer Group Inc. lifted its position in Baker Hughes A GE by 3.6% during the third quarter. Bessemer Group Inc. now owns 166,649 shares of the company’s stock worth $5,638,000 after acquiring an additional 5,789 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Baker Hughes A GE during the third quarter worth approximately $311,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Baker Hughes A GE during the third quarter worth approximately $3,880,000. Finally, Poplar Forest Capital LLC lifted its position in Baker Hughes A GE by 11.7% during the third quarter. Poplar Forest Capital LLC now owns 1,216,400 shares of the company’s stock worth $41,151,000 after acquiring an additional 127,084 shares during the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.
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.
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