Baker Hughes A GE (BHGE) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Baker Hughes A GE (NYSE:BHGE) from a sell rating to a hold rating in a research report sent to investors on Saturday, March 30th, ValuEngine reports.

A number of other equities analysts have also commented on BHGE. 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 price target on 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 Wednesday, March 6th. Morgan Stanley downgraded shares of Baker Hughes A GE from an overweight rating to an equal weight rating in a research note on Tuesday, March 5th. Societe Generale initiated coverage on shares of Baker Hughes A GE in a research note on Wednesday, February 27th. They set a buy rating and a $36.00 price objective on the stock. Finally, Cowen reiterated an outperform rating and set a $32.00 price objective (down from $34.00) on shares of Baker Hughes A GE in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $35.88.

BHGE opened at $25.95 on Friday. The company has a market cap of $27.63 billion, a P/E 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 fifty-two week low of $20.09 and a fifty-two week high of $37.76. The company has a quick ratio of 1.15, a current ratio of 1.66 and a debt-to-equity ratio of 0.18.

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

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

Several large investors have recently modified their holdings of the stock. CKW Financial Group boosted its holdings in shares of Baker Hughes A GE by 25.0% in the 4th quarter. CKW Financial Group now owns 2,500 shares of the company’s stock worth $54,000 after buying an additional 500 shares during the last quarter. Marshwinds Advisory Co. increased its position in shares of Baker Hughes A GE by 2.3% during the fourth quarter. Marshwinds Advisory Co. now owns 24,285 shares of the company’s stock valued at $522,000 after buying an additional 550 shares during the period. First Hawaiian Bank increased its position in shares of Baker Hughes A GE by 76.0% during the fourth quarter. First Hawaiian Bank now owns 2,295 shares of the company’s stock valued at $49,000 after buying an additional 991 shares during the period. Moody National Bank Trust Division increased its position in shares of Baker Hughes A GE by 13.5% during the first quarter. Moody National Bank Trust Division now owns 9,847 shares of the company’s stock valued at $273,000 after buying an additional 1,175 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of Baker Hughes A GE by 130.1% in the fourth quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock worth $45,000 after purchasing an additional 1,189 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

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.

Featured Story: Short Selling

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Baker Hughes A GE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes A GE and related companies with MarketBeat.com's FREE daily email newsletter.