Shares of Baker Hughes A GE Co (NYSE:BHI) have received an average rating of “Hold” from the thirty-four analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $61.59.

BHI has been the subject of several recent research reports. HSBC Holdings plc reissued a “hold” rating and set a $58.00 target price (down from $60.00) on shares of Baker Hughes A GE in a research note on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $72.00 target price on shares of Baker Hughes A GE in a research note on Friday, May 26th. ValuEngine upgraded shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Tudor Pickering downgraded shares of Baker Hughes A GE from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Evercore ISI set a $72.00 price target on shares of Baker Hughes A GE and gave the company an “outperform” rating in a research report on Wednesday, April 26th.

Several hedge funds have recently bought and sold shares of BHI. Macquarie Group Ltd. increased its stake in Baker Hughes A GE by 38.4% in the fourth quarter. Macquarie Group Ltd. now owns 10,100 shares of the oilfield services provider’s stock valued at $656,000 after buying an additional 2,800 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Baker Hughes A GE by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 368,190 shares of the oilfield services provider’s stock valued at $22,028,000 after buying an additional 13,366 shares in the last quarter. Raymond James Trust N.A. increased its stake in Baker Hughes A GE by 30.5% in the first quarter. Raymond James Trust N.A. now owns 4,640 shares of the oilfield services provider’s stock valued at $278,000 after buying an additional 1,084 shares in the last quarter. Creative Planning increased its stake in Baker Hughes A GE by 47.0% in the first quarter. Creative Planning now owns 9,301 shares of the oilfield services provider’s stock valued at $556,000 after buying an additional 2,974 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Baker Hughes A GE by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 127,693 shares of the oilfield services provider’s stock valued at $7,638,000 after buying an additional 1,500 shares in the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.

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Shares of Baker Hughes A GE (NYSE:BHI) traded up 5.82% on Tuesday, hitting $57.68. 4,124,512 shares of the stock were exchanged. Baker Hughes A GE has a one year low of $43.09 and a one year high of $68.59. The firm’s 50-day moving average is $55.90 and its 200-day moving average is $59.83.

About Baker Hughes A GE

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

Analyst Recommendations for Baker Hughes A GE (NYSE:BHI)

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