Citigroup Raises Baker Hughes A GE (BHGE) Price Target to $43.00

Baker Hughes A GE (NYSE:BHGE) had its price target boosted by stock analysts at Citigroup from $40.00 to $43.00 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 31.42% from the company’s previous close.

BHGE has been the topic of a number of other research reports. Jefferies Financial Group set a $31.00 price target on shares of Baker Hughes A GE and gave the stock a “hold” rating in a research note on Wednesday, April 4th. Bank of America upgraded shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and upped their price target for the stock from $27.77 to $33.00 in a research note on Monday, April 2nd. UBS Group upgraded shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, March 8th. Cowen reiterated a “buy” rating and issued a $45.00 price target on shares of Baker Hughes A GE in a research note on Thursday, March 15th. Finally, SunTrust Banks set a $34.00 price target on shares of Baker Hughes A GE and gave the stock a “hold” rating in a research note on Sunday, April 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the stock. Baker Hughes A GE has a consensus rating of “Hold” and a consensus price target of $38.23.

NYSE:BHGE opened at $32.72 on Monday. The firm has a market capitalization of $13.63 billion, a PE ratio of 62.92, a PEG ratio of 5.23 and a beta of 0.71. Baker Hughes A GE has a 52 week low of $25.53 and a 52 week high of $40.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 2.05.



Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings results on Friday, April 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.41 billion. Baker Hughes A GE had a negative net margin of 1.28% and a positive return on equity of 0.25%. Baker Hughes A GE’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS. equities research analysts forecast that Baker Hughes A GE will post 0.78 earnings per share for the current year.

In other news, CEO Maria C. Borras sold 19,571 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $36.97, for a total transaction of $723,539.87. Following the completion of the sale, the chief executive officer now owns 3,042 shares of the company’s stock, valued at approximately $112,462.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William D. Marsh sold 6,543 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $35.82, for a total transaction of $234,370.26. Following the sale, the insider now directly owns 22,663 shares of the company’s stock, valued at approximately $811,788.66. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in BHGE. Delpha Capital Management LLC bought a new position in shares of Baker Hughes A GE during the 4th quarter valued at approximately $106,000. Rational Advisors LLC bought a new position in shares of Baker Hughes A GE during the 1st quarter valued at approximately $139,000. Global X Management Co. LLC bought a new position in shares of Baker Hughes A GE during the 1st quarter valued at approximately $207,000. Advisor Partners LLC bought a new position in shares of Baker Hughes A GE during the 1st quarter valued at approximately $218,000. Finally, MANA Advisors LLC bought a new position in shares of Baker Hughes A GE during the 1st quarter valued at approximately $218,000. Institutional investors own 94.70% 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 for onshore and offshore operations.

Analyst Recommendations for Baker Hughes A GE (NYSE:BHGE)

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