Baker Hughes A GE (NYSE:BHGE) Price Target Raised to $28.00

Baker Hughes A GE (NYSE:BHGE) had its target price upped by Credit Suisse Group from $27.00 to $28.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group set a $32.00 price objective on shares of Baker Hughes A GE and gave the stock a buy rating in a research note on Thursday, June 6th. ValuEngine cut shares of Baker Hughes A GE from a hold rating to a sell rating in a research report on Monday, April 15th. Royal Bank of Canada decreased their target price on shares of Baker Hughes A GE to $33.00 and set an average rating for the company in a research report on Wednesday, May 1st. TheStreet upgraded shares of Baker Hughes A GE from a d+ rating to a c- rating in a research report on Thursday, June 20th. Finally, Wells Fargo & Co decreased their target price on shares of Baker Hughes A GE from $37.00 to $34.00 and set an outperform rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $35.44.

BHGE traded down $1.19 on Thursday, hitting $24.08. 5,043,223 shares of the company’s stock were exchanged, compared to its average volume of 4,591,916. The firm has a market capitalization of $26.21 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 3.22 and a beta of 0.91. Baker Hughes A GE has a twelve month low of $20.09 and a twelve month high of $35.55. The company’s fifty day simple moving average is $24.36. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.81 billion. Baker Hughes A GE had a net margin of 0.71% and a return on equity of 1.07%. Baker Hughes A GE’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, equities analysts expect that Baker Hughes A GE will post 0.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Tuesday, August 13th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.99%. Baker Hughes A GE’s dividend payout ratio (DPR) is presently 109.09%.

Institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. bought a new position in shares of Baker Hughes A GE in the first quarter valued at approximately $33,000. Bremer Bank National Association bought a new position in shares of Baker Hughes A GE in the first quarter valued at approximately $38,000. Perkins Coie Trust Co boosted its holdings in shares of Baker Hughes A GE by 38.3% in the second quarter. Perkins Coie Trust Co now owns 1,637 shares of the company’s stock valued at $40,000 after acquiring an additional 453 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Baker Hughes A GE in the first quarter valued at approximately $47,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of Baker Hughes A GE by 91.6% in the first quarter. Lindbrook Capital LLC now owns 1,726 shares of the company’s stock valued at $47,000 after acquiring an additional 825 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

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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