Shares of Baker Hughes A GE Co (NYSE:BHGE) have received an average recommendation of “Buy” from the twenty-five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.82.
A number of research firms recently weighed in on BHGE. Zacks Investment Research lowered shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Barclays restated a “buy” rating and set a $37.00 price target on shares of Baker Hughes A GE in a research report on Thursday, July 26th. ValuEngine upgraded shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 24th. SunTrust Banks upgraded shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $39.00 in a research report on Tuesday, July 24th. Finally, Seaport Global Securities restated a “hold” rating and set a $32.00 price target on shares of Baker Hughes A GE in a research report on Monday, July 23rd.
A number of large investors have recently bought and sold shares of BHGE. Millennium Management LLC lifted its holdings in shares of Baker Hughes A GE by 521.2% in the 2nd quarter. Millennium Management LLC now owns 4,112,049 shares of the company’s stock worth $135,821,000 after acquiring an additional 3,450,049 shares during the last quarter. Indus Capital Partners LLC purchased a new stake in Baker Hughes A GE during the 2nd quarter worth approximately $28,695,000. Jane Street Group LLC increased its stake in Baker Hughes A GE by 949.2% during the 2nd quarter. Jane Street Group LLC now owns 621,120 shares of the company’s stock worth $20,516,000 after buying an additional 561,923 shares during the period. Russell Investments Group Ltd. increased its stake in Baker Hughes A GE by 434.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 672,970 shares of the company’s stock worth $22,766,000 after buying an additional 547,042 shares during the period. Finally, TCW Group Inc. increased its stake in Baker Hughes A GE by 13.5% during the 2nd quarter. TCW Group Inc. now owns 4,409,766 shares of the company’s stock worth $145,654,000 after buying an additional 523,729 shares during the period. Institutional investors own 93.88% of the company’s stock.
Baker Hughes A GE (NYSE:BHGE) last released its earnings results on Tuesday, October 30th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. On average, analysts expect that Baker Hughes A GE will post 0.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.72 annualized dividend and a yield of 2.66%. Baker Hughes A GE’s payout ratio is 138.46%.
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 for onshore and offshore operations.
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