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.

A number of large investors have recently added to or reduced their stakes in BHGE. Commonwealth Bank of Australia boosted its holdings in shares of Baker Hughes A GE by 63.1% in the second quarter. Commonwealth Bank of Australia now owns 1,241 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the period. Price Wealth Management Inc. purchased a new stake in Baker Hughes A GE in the 2nd quarter valued at $63,000. Stonebridge Capital Advisors LLC acquired a new stake in Baker Hughes A GE during the 2nd quarter worth $66,000. CSat Investment Advisory L.P. boosted its stake in Baker Hughes A GE by 261.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 3,070 shares of the company’s stock worth $75,000 after purchasing an additional 2,221 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Baker Hughes A GE by 68.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,306 shares of the company’s stock worth $69,000 after purchasing an additional 1,346 shares during the last quarter. Hedge funds and other institutional investors own 48.39% 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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