Baker Hughes A GE Co (NYSE:BHI)‘s stock had its “hold” rating reiterated by stock analysts at Loop Capital in a note issued to investors on Monday. They presently have a $37.00 target price on the oilfield services provider’s stock. Loop Capital’s target price would suggest a potential downside of 32.12% from the company’s previous close.

Several other analysts have also recently commented on BHI. Guggenheim cut shares of Baker Hughes A GE from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. BidaskClub cut shares of Baker Hughes A GE from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada set a $72.00 price target on shares of Baker Hughes A GE and gave the company a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $67.00 price target on shares of Baker Hughes A GE in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Baker Hughes A GE presently has an average rating of “Hold” and a consensus price target of $60.44.

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Hedge funds have recently modified their holdings of the company. ValueAct Holdings L.P. increased its position in shares of Baker Hughes A GE by 14.6% during the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock worth $1,878,816,000 after acquiring an additional 4,000,000 shares in the last quarter. IBM Retirement Fund increased its position in shares of Baker Hughes A GE by 113.0% during the second quarter. IBM Retirement Fund now owns 10,406 shares of the oilfield services provider’s stock worth $634,000 after acquiring an additional 5,521 shares in the last quarter. Aperio Group LLC increased its position in shares of Baker Hughes A GE by 4.0% during the second quarter. Aperio Group LLC now owns 211,193 shares of the oilfield services provider’s stock worth $11,512,000 after acquiring an additional 8,209 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Baker Hughes A GE by 3.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,201,387 shares of the oilfield services provider’s stock worth $65,488,000 after acquiring an additional 34,540 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Baker Hughes A GE during the second quarter worth $9,405,000. 91.32% of the stock is owned by institutional investors.

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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