Baker Hughes A GE (NYSE:BHGE) had its target price reduced by UBS Group from $45.00 to $38.00 in a research note issued to investors on Monday, www.benzinga.com reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 39.91% from the stock’s current price.
Several other research firms also recently issued reports on BHGE. Zacks Investment Research downgraded Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Barclays reissued a “buy” rating and issued a $37.00 price target on shares of Baker Hughes A GE in a research note on Thursday, July 26th. ValuEngine raised Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. SunTrust Banks raised Baker Hughes A GE from a “hold” rating to a “buy” rating and increased their price target for the company from $34.00 to $39.00 in a research note on Tuesday, July 24th. Finally, Seaport Global Securities reissued a “hold” rating and issued a $32.00 price target on shares of Baker Hughes A GE in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $36.79.
NYSE:BHGE opened at $27.16 on Monday. Baker Hughes A GE has a 52-week low of $25.53 and a 52-week high of $37.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.35 and a current ratio of 1.91. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 52.23, a PEG ratio of 4.99 and a beta of 0.84.
Baker Hughes A GE (NYSE:BHGE) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The firm had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same period in the prior year, the company posted $0.05 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Baker Hughes A GE will post 0.65 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. Advisor Partners LLC raised its stake in Baker Hughes A GE by 28.1% during the 3rd quarter. Advisor Partners LLC now owns 13,333 shares of the company’s stock worth $451,000 after buying an additional 2,924 shares during the period. Bessemer Group Inc. raised its stake in Baker Hughes A GE by 3.6% during the 3rd quarter. Bessemer Group Inc. now owns 166,649 shares of the company’s stock worth $5,638,000 after buying an additional 5,789 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in Baker Hughes A GE during the 3rd quarter worth $311,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Baker Hughes A GE during the 3rd quarter worth $3,880,000. Finally, Poplar Forest Capital LLC raised its stake in Baker Hughes A GE by 11.7% during the 3rd quarter. Poplar Forest Capital LLC now owns 1,216,400 shares of the company’s stock worth $41,151,000 after buying an additional 127,084 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.
About Baker Hughes A GE
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.
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