Baker Hughes, a GE company Class A (BHGE) PT Lowered to $40.00 at Wells Fargo & Co

Baker Hughes, a GE company Class A (NYSE:BHGE) had its price target cut by Wells Fargo & Co from $43.00 to $40.00 in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co’s target price would indicate a potential upside of 22.17% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. BMO Capital Markets decreased their price objective on shares of Baker Hughes, a GE company Class A from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday. Citigroup decreased their price objective on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. UBS Group downgraded shares of Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Wednesday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.20.

Baker Hughes, a GE company Class A (NYSE BHGE) traded up $0.43 during midday trading on Thursday, reaching $32.74. 3,890,000 shares of the company’s stock traded hands, compared to its average volume of 5,110,000. The company has a quick ratio of 1.29, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. Baker Hughes, a GE company Class A has a one year low of $29.62 and a one year high of $40.82. The firm has a market capitalization of $13,830.00 and a P/E ratio of -5.00.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. sell-side analysts anticipate that Baker Hughes, a GE company Class A will post 1.02 earnings per share for the current year.

In related news, insider William D. Marsh sold 5,000 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the insider now directly owns 25,190 shares of the company’s stock, valued at $881,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BHGE. First Bank & Trust purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth about $101,000. Amica Retiree Medical Trust purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth about $101,000. Trust Co. of Vermont purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth about $105,000. Westside Investment Management Inc. purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth about $108,000. Finally, Sun Life Financial INC purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth about $115,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Baker Hughes, a GE company Class A (NYSE:BHGE)

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