Cowen reaffirmed their outperform rating on shares of Baker Hughes A GE (NYSE:BHGE) in a report released on Monday, February 4th. The firm currently has a $32.00 target price on the stock, down from their previous target price of $34.00.
BHGE has been the subject of several other reports. Credit Suisse Group reaffirmed an outperform rating and issued a $23.57 target price (down from $28.00) on shares of Baker Hughes A GE in a research report on Friday, February 1st. Barclays reaffirmed a buy rating and issued a $32.00 target price on shares of Baker Hughes A GE in a research report on Friday, January 18th. Bank of America reaffirmed a buy rating and issued a $27.00 target price (down from $37.00) on shares of Baker Hughes A GE in a research report on Monday, December 3rd. TheStreet cut Baker Hughes A GE from a c- rating to a d+ rating in a report on Wednesday, November 14th. Finally, UBS Group cut their price objective on Baker Hughes A GE from $45.00 to $38.00 and set a buy rating for the company in a report on Monday, November 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $35.87.
NYSE:BHGE traded up $0.72 during mid-day trading on Monday, reaching $27.10. The stock had a trading volume of 4,128,479 shares, compared to its average volume of 4,743,871. Baker Hughes A GE has a fifty-two week low of $20.09 and a fifty-two week high of $37.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.66. The company has a market capitalization of $10.86 billion, a P/E ratio of 41.06, a P/E/G ratio of 0.52 and a beta of 0.88.
Baker Hughes A GE (NYSE:BHGE) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Baker Hughes A GE had a net margin of 0.85% and a return on equity of 0.76%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.04 billion. During the same quarter last year, the business earned $0.15 EPS. As a group, sell-side analysts forecast that Baker Hughes A GE will post 1.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Monday, February 4th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 1st. This represents a $0.72 annualized dividend and a dividend yield of 2.66%. Baker Hughes A GE’s payout ratio is currently 109.09%.
In other news, insider William D. Marsh sold 1,242 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $23.31, for a total transaction of $28,951.02. Following the completion of the transaction, the insider now directly owns 35,257 shares in the company, valued at approximately $821,840.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Baker Hughes A GE by 11.7% during the 4th quarter. FMR LLC now owns 36,476,714 shares of the company’s stock valued at $784,250,000 after purchasing an additional 3,826,019 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Baker Hughes A GE during the 4th quarter valued at about $480,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Baker Hughes A GE during the 4th quarter valued at about $218,000. Advisory Services Network LLC lifted its stake in Baker Hughes A GE by 130.1% in the 4th quarter. Advisory Services Network LLC now owns 2,103 shares of the company’s stock valued at $45,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Baker Hughes A GE by 21.7% in the 4th quarter. Amalgamated Bank now owns 63,398 shares of the company’s stock valued at $1,363,000 after acquiring an additional 11,304 shares in the last quarter. Institutional investors and hedge funds own 96.03% 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.
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