Baker Hughes, a GE (BHGE) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada restated their buy rating on shares of Baker Hughes, a GE (NYSE:BHGE) in a research note published on Sunday morning. They currently have a $35.00 target price on the stock.

Several other research firms have also recently weighed in on BHGE. Edward Jones upgraded shares of Baker Hughes, a GE from a hold rating to a buy rating in a research report on Thursday, March 29th. Zacks Investment Research upgraded shares of Baker Hughes, a GE from a sell rating to a hold rating in a research report on Tuesday, April 17th. Cowen set a $55.00 price objective on shares of Baker Hughes, a GE and gave the stock a buy rating in a research report on Thursday, January 11th. B. Riley reiterated a hold rating and set a $36.00 price objective on shares of Baker Hughes, a GE in a research report on Monday, January 29th. Finally, Piper Jaffray upgraded shares of Baker Hughes, a GE from a neutral rating to an overweight rating and set a $39.00 price objective on the stock in a research report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $37.69.

NYSE BHGE opened at $35.11 on Friday. Baker Hughes, a GE has a twelve month low of $25.53 and a twelve month high of $42.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 2.05. The company has a market cap of $14,769.24, a price-to-earnings ratio of 67.52, a PEG ratio of 5.87 and a beta of 0.76.

Baker Hughes, a GE (NYSE:BHGE) last posted its quarterly earnings data on Friday, April 20th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. Baker Hughes, a GE had a negative net margin of 1.28% and a positive return on equity of 0.25%. The firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same period in the previous year, the company posted ($0.23) EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts expect that Baker Hughes, a GE will post 0.74 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its holdings in shares of Baker Hughes, a GE by 16.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 39,061 shares of the company’s stock valued at $1,236,000 after acquiring an additional 5,399 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Baker Hughes, a GE by 8.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,470 shares of the company’s stock valued at $838,000 after purchasing an additional 2,080 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Baker Hughes, a GE in the 4th quarter valued at $484,000. Compagnie Lombard Odier SCmA lifted its stake in shares of Baker Hughes, a GE by 44.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 9,223 shares of the company’s stock valued at $293,000 after purchasing an additional 2,823 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Baker Hughes, a GE by 45.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 24,347 shares of the company’s stock valued at $770,000 after purchasing an additional 7,600 shares during the last quarter. Institutional investors and hedge funds own 92.20% of the company’s stock.

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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 for onshore and offshore operations.

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

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