Baker Hughes, a GE company Class A (NYSE:BHGE) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $30.00 to $29.00 in a report issued on Thursday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 10.24% from the company’s current price.
BHGE has been the topic of several other reports. Royal Bank of Canada set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Saturday, October 7th. Deutsche Bank assumed 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 target on the stock. Cowen set a $50.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, Barclays set a $41.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.60.
Baker Hughes, a GE company Class A (BHGE) traded down $1.48 during mid-day trading 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 current ratio of 1.90, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $40.82. The company has a market cap of $14,460.00 and a price-to-earnings ratio of -4.93.
In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the insider now directly owns 25,190 shares of the company’s stock, valued at approximately $881,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Amica Retiree Medical Trust bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $101,000. First Bank & Trust bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $101,000. Trust Co. of Vermont bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $105,000. Westside Investment Management Inc. bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $108,000. Finally, Sun Life Financial INC bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $115,000. 89.53% of the stock is currently 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.
