ValuEngine cut shares of Baker Hughes, a GE company Class A (NYSE:BHGE) from a sell rating to a strong sell rating in a research report released on Thursday morning.

Several other analysts have also recently commented on BHGE. Bank of America raised shares of Baker Hughes, a GE company Class A from an underperform rating to a neutral rating and lifted their target price for the stock from $28.03 to $33.00 in a research note on Monday, February 26th. Wells Fargo & Co lowered their target price on shares of Baker Hughes, a GE company Class A from $43.00 to $40.00 and set an outperform rating for the company in a research note on Thursday, January 25th. B. Riley reaffirmed a neutral rating on shares of Baker Hughes, a GE company Class A in a research note on Friday, November 3rd. Cowen reaffirmed an outperform rating and issued a $50.00 target price (down from $55.00) on shares of Baker Hughes, a GE company Class A in a research note on Friday, January 26th. Finally, Susquehanna Bancshares set a $30.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a hold rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $37.88.

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Baker Hughes, a GE company Class A (NYSE BHGE) opened at $27.45 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 2.08. Baker Hughes, a GE company Class A has a 12-month low of $25.53 and a 12-month high of $40.82. The stock has a market capitalization of $11,599.87, a P/E ratio of 549.00, a P/E/G ratio of 4.86 and a beta of 0.83.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.60 billion. Baker Hughes, a GE company Class A had a positive return on equity of 0.10% and a negative net margin of 2.79%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. analysts predict that Baker Hughes, a GE company Class A will post 0.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.62%. Baker Hughes, a GE company Class A’s dividend payout ratio is presently -209.71%.

In other news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the sale, the insider now directly owns 25,190 shares of the company’s stock, valued at approximately $881,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB boosted its position in Baker Hughes, a GE company Class A by 16.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 39,061 shares of the company’s stock worth $1,236,000 after purchasing an additional 5,399 shares during the period. Envestnet Asset Management Inc. boosted its position in Baker Hughes, a GE company Class A by 8.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 26,470 shares of the company’s stock worth $838,000 after purchasing an additional 2,080 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in Baker Hughes, a GE company Class A during the 4th quarter worth $484,000. Compagnie Lombard Odier SCmA boosted its position in Baker Hughes, a GE company Class A by 44.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 9,223 shares of the company’s stock worth $293,000 after purchasing an additional 2,823 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Baker Hughes, a GE company Class A by 45.4% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 24,347 shares of the company’s stock worth $770,000 after purchasing an additional 7,600 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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

Analyst Recommendations for Baker Hughes, a GE company Class A (NYSE:BHGE)

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