Baker Hughes A GE (BHGE) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Baker Hughes A GE (NYSE:BHGE) from a hold rating to a sell rating in a research report released on Monday morning, ValuEngine reports.

Other analysts have also recently issued reports about the stock. Barclays reissued a buy rating and issued a $32.00 price objective on shares of Baker Hughes A GE in a research note on Friday, January 18th. Societe Generale started coverage on shares of Baker Hughes A GE in a research note on Wednesday, February 27th. They issued a buy rating and a $36.00 price objective for the company. Goldman Sachs Group started coverage on shares of Baker Hughes A GE in a research note on Sunday, March 10th. They issued a conviction-buy rating and a $36.00 price objective for the company. Morgan Stanley cut shares of Baker Hughes A GE from an overweight rating to an equal weight rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research raised shares of Baker Hughes A GE from a sell rating to a hold rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $35.88.

Shares of NYSE BHGE opened at $25.95 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.15. The firm has a market capitalization of $27.63 billion, a PE ratio of 39.32, a PEG ratio of 0.54 and a beta of 0.88. Baker Hughes A GE has a 1 year low of $20.09 and a 1 year high of $37.76.



Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings data on Thursday, January 31st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.04 billion. Baker Hughes A GE had a return on equity of 0.76% and a net margin of 0.85%. During the same period last year, the company earned $0.15 earnings per share. As a group, research analysts predict that Baker Hughes A GE will post 1.02 earnings per share for the current fiscal year.

In related news, insider William D. Marsh sold 1,242 shares of the firm’s 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 completion of the transaction, the insider now directly owns 35,257 shares of the company’s stock, valued at $821,840.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BHGE. Meeder Asset Management Inc. purchased a new position in Baker Hughes A GE during the fourth quarter valued at $35,000. Bremer Trust National Association bought a new position in Baker Hughes A GE during the fourth quarter valued at $36,000. JOYN Advisors Inc. lifted its position in Baker Hughes A GE by 271.0% during the fourth quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock valued at $41,000 after purchasing an additional 1,409 shares during the last quarter. Advisory Services Network LLC lifted its position in Baker Hughes A GE by 130.1% during the fourth quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock valued at $45,000 after purchasing an additional 1,189 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in 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 purchasing an additional 991 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

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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