Baker Hughes, a GE company Class A (BHGE) Given a $30.00 Price Target at Susquehanna Bancshares

Baker Hughes, a GE company Class A (NYSE:BHGE) received a $30.00 price target from stock analysts at Susquehanna Bancshares in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ price objective points to a potential upside of 13.21% from the company’s current price.

A number of other brokerages have also recently weighed in on BHGE. ValuEngine cut Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Goldman Sachs Group raised Baker Hughes, a GE company Class A from a “sell” rating to a “neutral” rating and set a $33.50 price objective for the company in a research note on Thursday, February 1st. B. Riley reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Baker Hughes, a GE company Class A in a research note on Monday, January 29th. Barclays dropped their price objective on Baker Hughes, a GE company Class A from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Finally, Cowen reaffirmed an “outperform” rating and issued a $50.00 price objective (down from $55.00) on shares of Baker Hughes, a GE company Class A in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Baker Hughes, a GE company Class A presently has an average rating of “Hold” and a consensus target price of $38.50.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $26.50 on Friday. Baker Hughes, a GE company Class A has a 1 year low of $25.68 and a 1 year high of $63.09. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $11,774.84, a price-to-earnings ratio of -25.73, a price-to-earnings-growth ratio of 4.58 and a beta of 0.68.

Baker Hughes, a GE company Class A (NYSE:BHGE) last posted its earnings results on Wednesday, January 24th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. 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 company had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.60 billion. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. equities research analysts expect that Baker Hughes, a GE company Class A will post 0.86 EPS for the current fiscal year.

In related news, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the insider now directly owns 25,190 shares of the company’s stock, valued at approximately $881,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alexandria Capital LLC acquired a new position in Baker Hughes, a GE company Class A during the 4th quarter worth $687,000. Norinchukin Bank The grew its stake in Baker Hughes, a GE company Class A by 7.5% during the 4th quarter. Norinchukin Bank The now owns 34,234 shares of the company’s stock worth $1,083,000 after purchasing an additional 2,375 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in Baker Hughes, a GE company Class A by 5.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 66,511 shares of the company’s stock worth $2,104,000 after purchasing an additional 3,494 shares in the last quarter. American International Group Inc. grew its stake in Baker Hughes, a GE company Class A by 10.1% during the 4th quarter. American International Group Inc. now owns 180,349 shares of the company’s stock worth $5,706,000 after purchasing an additional 16,561 shares in the last quarter. Finally, Wealthfront Inc. acquired a new position in Baker Hughes, a GE company Class A during the 4th quarter worth $569,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

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Baker Hughes, a GE company Class A Company Profile

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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