Baker Hughes, a GE company Class A (NYSE:BHGE) had its price objective dropped by stock analysts at Barclays from $41.00 to $38.00 in a note issued to investors on Friday. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 16.07% from the company’s previous close.
A number of other brokerages have also weighed in on BHGE. 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 research note on Wednesday, October 18th. Morgan Stanley set a $53.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Monday, October 23rd. Royal Bank of Canada set a $35.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Thursday, December 21st. B. Riley reaffirmed a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Friday, November 3rd. Finally, Loop Capital set a $37.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “hold” rating in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Baker Hughes, a GE company Class A currently has a consensus rating of “Hold” and a consensus target price of $39.20.
Baker Hughes, a GE company Class A (NYSE:BHGE) traded up $0.43 during trading hours on Friday, hitting $32.74. The stock had a trading volume of 3,890,000 shares, compared to its average volume of 5,110,000. 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 debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.29. The firm has a market cap of $13,830.00 and a PE ratio of -5.00.
In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of the firm’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in BHGE. First Bank & Trust acquired a new stake in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $101,000. Amica Retiree Medical Trust acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $101,000. Trust Co. of Vermont acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $105,000. Westside Investment Management Inc. acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $108,000. Finally, Sun Life Financial INC acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at approximately $115,000. Institutional investors and hedge funds own 89.53% 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.
