Royal Bank Of Canada Reiterates “Buy” Rating for Baker Hughes A GE Co (NYSE:BHI)

Royal Bank Of Canada restated their buy rating on shares of Baker Hughes A GE Co (NYSE:BHI) in a research note issued to investors on Wednesday, October 25th. The brokerage currently has a $38.00 price target on the oilfield services provider’s stock.

A number of other brokerages have also commented on BHI. BidaskClub downgraded shares of Baker Hughes A GE from a sell rating to a strong sell rating in a research note on Wednesday, June 28th. Morgan Stanley assumed coverage on shares of Baker Hughes A GE in a research note on Monday, July 17th. They issued an overweight rating and a $60.00 target price for the company. Barclays PLC assumed coverage on shares of Baker Hughes A GE in a report on Thursday, August 31st. They issued a buy rating and a $41.00 price target for the company. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating on shares of Baker Hughes A GE in a report on Tuesday, July 18th. Finally, Jefferies Group LLC reissued a hold rating and set a $67.00 target price on shares of Baker Hughes A GE in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $59.00.

Baker Hughes A GE (BHI) traded up $3.17 on Wednesday, hitting $57.68. 4,124,500 shares of the company’s stock traded hands, compared to its average volume of 2,667,498. The company has a quick ratio of 3.31, a current ratio of 4.21 and a debt-to-equity ratio of 0.23. Baker Hughes A GE has a twelve month low of $43.09 and a twelve month high of $68.59.

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A number of large investors have recently modified their holdings of the stock. Artemis Investment Management LLP boosted its stake in Baker Hughes A GE by 33.7% during the 3rd quarter. Artemis Investment Management LLP now owns 292,678 shares of the oilfield services provider’s stock worth $10,721,000 after purchasing an additional 73,765 shares during the period. Levy Harkins & Co. Inc. boosted its stake in Baker Hughes A GE by 4.1% during the 3rd quarter. Levy Harkins & Co. Inc. now owns 136,372 shares of the oilfield services provider’s stock worth $4,994,000 after purchasing an additional 5,371 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Baker Hughes A GE during the 3rd quarter worth $2,260,000. Perpetual Ltd acquired a new stake in Baker Hughes A GE during the 2nd quarter worth $757,000. Finally, Lord Abbett & CO. LLC boosted its stake in Baker Hughes A GE by 1.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 53,800 shares of the oilfield services provider’s stock worth $2,933,000 after purchasing an additional 643 shares during the period. Hedge funds and other institutional investors own 91.32% of the company’s stock.

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)

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