Baker Hughes, a GE company Class A (NYSE:BHGE) has been assigned a $55.00 target price by research analysts at Cowen in a report released on Thursday. The brokerage presently has a “buy” rating on the stock. Cowen’s price target suggests a potential upside of 47.85% from the company’s current price.
Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 21st. Barclays set a $43.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a report on Friday, September 29th. Bank of America began coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, September 25th. They set an “underperform” rating and a $36.00 price target on the stock. Susquehanna Bancshares restated a “neutral” rating and set a $38.00 price target (down from $42.00) on shares of Baker Hughes, a GE company Class A in a report on Monday, October 2nd. Finally, UBS Group cut shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $40.58.
Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $37.20 on Thursday. The stock has a market cap of $15,928.15, a PE ratio of -19.18, a PEG ratio of 2.44 and a beta of 0.76. Baker Hughes, a GE company Class A has a twelve month low of $29.62 and a twelve month high of $40.82. The company has a current ratio of 1.90, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08.
In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now owns 25,190 shares of the company’s stock, valued at $881,650. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthias L. Heilmann acquired 1,500 shares of the stock in a transaction on Thursday, October 26th. The stock was bought at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the transaction, the insider now owns 3,500 shares of the company’s stock, valued at approximately $105,140. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BHGE. Tudor Investment Corp ET AL bought a new stake in Baker Hughes, a GE company Class A in the second quarter worth about $959,000. FTB Advisors Inc. bought a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at approximately $442,000. Fairpointe Capital LLC bought a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at approximately $229,000. M&R Capital Management Inc. bought a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at approximately $141,000. Finally, Cacti Asset Management LLC bought a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at approximately $12,142,000. 89.28% of the stock is currently owned by institutional investors and hedge funds.
Baker Hughes, a GE company Class A Company Profile
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.
