Baker Hughes A GE (BHGE) Downgraded by ValuEngine to Sell

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ValuEngine lowered shares of Baker Hughes A GE (NYSE:BHGE) from a hold rating to a sell rating in a report released on Monday, ValuEngine reports.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Baker Hughes A GE from a sell rating to a hold rating in a research report on Tuesday, April 9th. Societe Generale began coverage on shares of Baker Hughes A GE in a research report on Wednesday, February 27th. They set a buy rating and a $36.00 target price on the stock. Goldman Sachs Group began coverage on shares of Baker Hughes A GE in a research report on Sunday, March 10th. They set a conviction-buy rating and a $36.00 target price on the stock. Cowen reissued an outperform rating and set a $32.00 target price (down previously from $34.00) on shares of Baker Hughes A GE in a research report on Monday, February 4th. Finally, Credit Suisse Group raised shares of Baker Hughes A GE from a neutral rating to an outperform rating and cut their target price for the company from $33.00 to $25.00 in a research report on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $35.88.

NYSE BHGE opened at $25.95 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a market cap of $27.63 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 0.54 and a beta of 0.88. Baker Hughes A GE has a one year low of $20.09 and a one year high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last posted its earnings results on Thursday, January 31st. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.04 billion. Baker Hughes A GE had a net margin of 0.85% and a return on equity of 0.76%. During the same period last year, the business posted $0.15 EPS. On average, equities research analysts expect that Baker Hughes A GE will post 1.02 EPS for the current year.

In other news, insider William D. Marsh sold 1,242 shares of Baker Hughes A GE stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $23.31, for a total value of $28,951.02. Following the transaction, the insider now owns 35,257 shares of the company’s stock, valued at approximately $821,840.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of BHGE. Meeder Asset Management Inc. purchased a new position in shares of Baker Hughes A GE in the 4th quarter worth approximately $35,000. Bremer Trust National Association purchased a new position in shares of Baker Hughes A GE in the 4th quarter worth approximately $36,000. JOYN Advisors Inc. grew its position in shares of Baker Hughes A GE by 271.0% in the 4th quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock worth $41,000 after buying an additional 1,409 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Baker Hughes A GE by 130.1% in the 4th quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock worth $45,000 after buying an additional 1,189 shares during the last quarter. Finally, First Hawaiian Bank grew its position in shares of Baker Hughes A GE by 76.0% in the 4th quarter. First Hawaiian Bank now owns 2,295 shares of the company’s stock worth $49,000 after buying an additional 991 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes A GE Company Profile

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.

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Analyst Recommendations for Baker Hughes A GE (NYSE:BHGE)

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