Baker Hughes, a GE company Class A (BHGE) PT Set at $30.00 by Royal Bank of Canada

Baker Hughes, a GE company Class A (NYSE:BHGE) received a $30.00 target price from analysts at Royal Bank of Canada in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 13.21% from the company’s current price.

A number of other equities research analysts have also recently issued reports on BHGE. Susquehanna Bancshares set a $30.00 price objective on Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a research note on Friday. Goldman Sachs Group raised Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 target price on the stock in a report on Thursday, February 1st. ValuEngine lowered Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Wells Fargo & Co decreased their target price on Baker Hughes, a GE company Class A from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Finally, Cowen reissued an “outperform” rating and set a $50.00 target price (down from $55.00) on shares of Baker Hughes, a GE company Class A in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Baker Hughes, a GE company Class A presently has a consensus rating of “Hold” and a consensus price target of $38.26.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) traded down $1.00 during trading on Friday, hitting $26.50. The stock had a trading volume of 6,340,590 shares, compared to its average volume of 5,647,400. Baker Hughes, a GE company Class A has a one year low of $25.68 and a one year high of $63.09. The company has a market cap of $11,774.84, a PE ratio of -25.73, a P/E/G ratio of 4.58 and a beta of 0.68. The company has a current ratio of 2.08, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Baker Hughes, a GE company Class A had a positive return on equity of 0.10% and a negative net margin of 2.79%. The company had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.60 billion. The business’s quarterly revenue was down 2.7% on a year-over-year basis. analysts forecast that Baker Hughes, a GE company Class A will post 0.86 earnings per share for the current fiscal year.

In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the insider now directly owns 25,190 shares of the company’s stock, valued at approximately $881,650. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cacti Asset Management LLC acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $12,142,000. Park National Corp OH acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $1,601,000. Eqis Capital Management Inc. acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $236,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $514,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth $375,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Baker Hughes, a GE company Class A

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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