Baker Hughes, a GE company Class A (NYSE:BHGE) has been given a $30.00 price objective by equities research analysts at Royal Bank of Canada in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 13.21% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Cowen set a $50.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Barclays set a $41.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Thursday, October 26th. Citigroup cut their price target on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Morgan Stanley set a $53.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Loop Capital set a $37.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.26.

Baker Hughes, a GE company Class A (BHGE) opened at $26.50 on Friday. The company has a market cap of $11,770.00 and a P/E ratio of -4.05. Baker Hughes, a GE company Class A has a 12 month low of $25.68 and a 12 month high of $40.82. 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 (NYSE:BHGE) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The company had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.60 billion. The business’s quarterly revenue was down 2.7% on a year-over-year basis. equities analysts forecast that Baker Hughes, a GE company Class A will post 0.86 EPS for the current year.

In other news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the sale, the insider now directly owns 25,190 shares in the company, valued at approximately $881,650. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Bank & Trust bought a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $101,000. Amica Retiree Medical Trust bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $101,000. Trust Co. of Vermont bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $105,000. Westside Investment Management Inc. bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $108,000. Finally, Sun Life Financial INC bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at $115,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

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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.

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

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