Baker Hughes A GE Co (NYSE:BHGE) Given Average Rating of “Buy” by Analysts
Shares of Baker Hughes A GE Co (NYSE:BHGE) have been assigned a consensus rating of “Buy” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.55.
BHGE has been the topic of several research analyst reports. Morgan Stanley cut their target price on Baker Hughes A GE from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Bank of America dropped their price target on shares of Baker Hughes A GE from $32.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Citigroup dropped their price target on shares of Baker Hughes A GE from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co reduced their price objective on shares of Baker Hughes A GE from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th.
NYSE:BHGE opened at $22.21 on Monday. The stock has a 50-day simple moving average of $22.58 and a 200-day simple moving average of $23.06. The stock has a market cap of $23.05 billion, a P/E ratio of 33.65, a P/E/G ratio of 2.86 and a beta of 0.95. Baker Hughes A GE has a 1 year low of $20.09 and a 1 year high of $31.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.60.
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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