Baker Hughes, a GE company Class A (NYSE:BHGE) received a $35.00 target price from analysts at Royal Bank of Canada in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 8.36% from the company’s current price.
A number of other analysts also recently weighed in on BHGE. Cowen reissued an “outperform” rating and set a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Wednesday, August 23rd. Susquehanna Bancshares reissued a “neutral” rating and set a $38.00 target price (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Argus began coverage on shares of Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They set a “buy” rating for the company. Bank of America began coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, September 25th. They set an “underperform” rating and a $36.00 target price for the company. Finally, Barclays set a $43.00 target price on shares of Baker Hughes, a GE company Class A and gave the company an “overweight” rating in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.58.
Baker Hughes, a GE company Class A (NYSE BHGE) traded down $0.44 during trading hours on Thursday, reaching $32.30. 6,206,600 shares of the company’s stock were exchanged, compared to its average volume of 3,277,448. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29. Baker Hughes, a GE company Class A has a twelve month low of $29.62 and a twelve month high of $65.94.
In other news, insider Matthias L. Heilmann bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the acquisition, the insider now directly owns 3,500 shares in the company, valued at $105,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of BHGE. ValueAct Holdings L.P. bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $1,150,154,000. American Century Companies Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $219,160,000. TCW Group Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $139,949,000. Bank of New York Mellon Corp bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $126,754,000. Finally, Janus Henderson Group PLC bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $84,073,000. Institutional investors own 89.29% of the company’s stock.
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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.
