Baker Hughes A GE Co (BHI) Earns Hold Rating from Analysts at UBS AG

UBS AG started coverage on shares of Baker Hughes A GE Co (NYSE:BHI) in a report released on Thursday morning, www.tipranks.com reports. The firm issued a hold rating and a $36.00 target price on the oilfield services provider’s stock.

A number of other research firms have also recently weighed in on BHI. HSBC Holdings plc restated a hold rating and set a $58.00 price objective (down from $60.00) on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Royal Bank Of Canada set a $72.00 price objective on shares of Baker Hughes A GE and gave the stock a buy rating in a research report on Saturday, July 1st. Tudor Pickering cut shares of Baker Hughes A GE from a buy rating to a hold rating in a research report on Friday, June 23rd. Morgan Stanley started coverage on shares of Baker Hughes A GE in a research report on Monday, July 17th. They set an overweight rating and a $60.00 price objective for the company. Finally, Seaport Global Securities cut shares of Baker Hughes A GE from a buy rating to a neutral rating and reduced their price objective for the stock from $64.00 to $52.00 in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $61.46.

TRADEMARK VIOLATION WARNING: “Baker Hughes A GE Co (BHI) Earns Hold Rating from Analysts at UBS AG” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/10/23/baker-hughes-a-ge-co-bhi-earns-hold-rating-from-analysts-at-ubs-ag.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Baker Hughes A GE in the third quarter valued at approximately $2,260,000. Perpetual Ltd purchased a new position in shares of Baker Hughes A GE in the second quarter valued at approximately $757,000. Lord Abbett & CO. LLC boosted its stake in shares of Baker Hughes A GE by 1.2% in the second quarter. Lord Abbett & CO. LLC now owns 53,800 shares of the oilfield services provider’s stock valued at $2,933,000 after purchasing an additional 643 shares during the period. Sentry Investment Management LLC boosted its stake in shares of Baker Hughes A GE by 0.7% in the second quarter. Sentry Investment Management LLC now owns 33,305 shares of the oilfield services provider’s stock valued at $1,815,000 after purchasing an additional 231 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Baker Hughes A GE by 25.6% in the second quarter. Toronto Dominion Bank now owns 143,873 shares of the oilfield services provider’s stock valued at $7,841,000 after purchasing an additional 29,353 shares during the period. 91.32% of the stock is owned by institutional investors and hedge funds.

Baker Hughes A GE Company Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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

Receive News & Ratings for Baker Hughes A GE Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes A GE Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply