Baker Hughes A GE (NYSE:BHGE) Upgraded to C- by TheStreet

Baker Hughes A GE (NYSE:BHGE) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Thursday, June 20th, TheStreetRatingsTable reports.

Several other research analysts also recently commented on the company. ValuEngine upgraded ZTE CORP/ADR from a “hold” rating to a “buy” rating in a report on Monday, April 15th. Societe Generale initiated coverage on Baker Hughes A GE in a report on Wednesday, February 27th. They issued a “buy” rating and a $36.00 price objective on the stock. Morgan Stanley upgraded Echo Global Logistics from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $22.00 to $25.00 in a report on Tuesday, March 5th. Royal Bank of Canada lifted their price objective on Shopify from C$230.00 to C$265.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Jefferies Financial Group set a $32.00 price target on Baker Hughes A GE and gave the company a “buy” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $35.35.

Shares of BHGE traded down $0.23 during trading hours on Thursday, hitting $25.01. The company had a trading volume of 2,563,664 shares, compared to its average volume of 3,863,429. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 3.18 and a beta of 0.92. The company’s 50 day moving average is $23.49. The company has a current ratio of 1.65, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18. Baker Hughes A GE has a 52-week low of $20.09 and a 52-week high of $35.55.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.63 billion. Baker Hughes A GE had a return on equity of 0.88% and a net margin of 0.68%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities research analysts forecast that Baker Hughes A GE will post 0.98 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. CENTRAL TRUST Co boosted its position in shares of Baker Hughes A GE by 104.4% in the 2nd quarter. CENTRAL TRUST Co now owns 3,965 shares of the company’s stock worth $100,000 after purchasing an additional 2,025 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Baker Hughes A GE by 21.8% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 196,854 shares of the company’s stock worth $4,849,000 after purchasing an additional 35,279 shares in the last quarter. Perkins Coie Trust Co boosted its position in shares of Baker Hughes A GE by 38.3% in the 2nd quarter. Perkins Coie Trust Co now owns 1,637 shares of the company’s stock worth $40,000 after purchasing an additional 453 shares in the last quarter. New Jersey Better Educational Savings Trust bought a new stake in shares of Baker Hughes A GE in the 2nd quarter worth approximately $246,000. Finally, Retirement Systems of Alabama boosted its position in shares of Baker Hughes A GE by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 240,125 shares of the company’s stock worth $5,914,000 after purchasing an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

About Baker Hughes A GE

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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