Baker Hughes, a GE company Class A (NYSE:BHGE) had its price objective decreased by stock analysts at Morgan Stanley from $48.00 to $44.00 in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 36.18% from the stock’s current price.
Several other research analysts also recently weighed in on BHGE. Barclays set a $43.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a report on Friday, September 29th. UBS Group downgraded shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Susquehanna Bancshares restated a “neutral” rating and set a $38.00 price objective (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a report on Monday, October 2nd. Royal Bank of Canada set a $44.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Saturday, October 7th. Finally, Deutsche Bank started coverage on shares of Baker Hughes, a GE company Class A in a report on Tuesday, October 10th. They set a “hold” rating and a $35.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.60.
Baker Hughes, a GE company Class A (NYSE BHGE) traded down $1.48 on Thursday, reaching $32.31. 6,470,000 shares of the company’s stock traded hands, compared to its average volume of 5,130,000. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. Baker Hughes, a GE company Class A has a 1 year low of $29.62 and a 1 year high of $40.82. The firm has a market capitalization of $14,460.00 and a P/E ratio of -4.93.
In other news, insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the insider now owns 25,190 shares in the company, valued at approximately $881,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ValueAct Holdings L.P. bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at about $1,150,154,000. American Century Companies Inc. bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at about $219,160,000. TCW Group Inc. bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at about $139,949,000. Bank of New York Mellon Corp bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at about $126,754,000. Finally, Janus Henderson Group PLC bought a new position in Baker Hughes, a GE company Class A during the third quarter valued at about $84,073,000. Institutional investors own 89.53% of the company’s stock.
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.
