Baker Hughes A GE Co (NYSE:BHI) has received an average recommendation of “Hold” from the twenty-four analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $58.06.

A number of brokerages have issued reports on BHI. Barclays began coverage on shares of Baker Hughes A GE in a report on Thursday, August 31st. They set a “buy” rating and a $41.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of Baker Hughes A GE in a report on Wednesday, October 25th. Loop Capital reaffirmed a “hold” rating and set a $37.00 price objective on shares of Baker Hughes A GE in a report on Monday, October 23rd. Finally, UBS began coverage on shares of Baker Hughes A GE in a report on Thursday, October 19th. They set a “hold” rating and a $36.00 price objective for the company.

Shares of Baker Hughes A GE (BHI) traded up $3.17 on Monday, reaching $57.68. 4,124,500 shares of the company’s stock were exchanged, compared to its average volume of 2,667,498. The company has a quick ratio of 3.31, a current ratio of 4.21 and a debt-to-equity ratio of 0.23. Baker Hughes A GE has a twelve month low of $43.09 and a twelve month high of $68.59.

Several hedge funds have recently bought and sold shares of BHI. Janney Montgomery Scott LLC grew its holdings in shares of Baker Hughes A GE by 22.2% in the second quarter. Janney Montgomery Scott LLC now owns 5,609 shares of the oilfield services provider’s stock valued at $306,000 after purchasing an additional 1,020 shares in the last quarter. Global X Management Co. LLC lifted its position in Baker Hughes A GE by 19.6% in the second quarter. Global X Management Co. LLC now owns 7,166 shares of the oilfield services provider’s stock worth $391,000 after buying an additional 1,176 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in Baker Hughes A GE by 1.3% in the second quarter. Wetherby Asset Management Inc. now owns 8,088 shares of the oilfield services provider’s stock worth $441,000 after buying an additional 100 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Baker Hughes A GE by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,450,059 shares of the oilfield services provider’s stock worth $133,553,000 after buying an additional 75,614 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Baker Hughes A GE by 0.3% in the second quarter. Arizona State Retirement System now owns 105,553 shares of the oilfield services provider’s stock worth $5,754,000 after buying an additional 300 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

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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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