Baker Hughes A GE Co (BHI) Earns Hold Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their hold rating on shares of Baker Hughes A GE Co (NYSE:BHI) in a research note published on Thursday, June 22nd. BMO Capital Markets currently has a $65.00 price objective on the oilfield services provider’s stock.

A number of other equities analysts have also weighed in on BHI. Royal Bank Of Canada reaffirmed a buy rating and issued a $80.00 target price on shares of Baker Hughes A GE in a research note on Monday, April 3rd. Zacks Investment Research lowered shares of Baker Hughes A GE from a hold rating to a sell rating in a research note on Thursday, June 15th. ValuEngine raised shares of Baker Hughes A GE from a sell rating to a hold rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a hold rating and issued a $72.00 target price on shares of Baker Hughes A GE in a research note on Tuesday, April 4th. Finally, HSBC Holdings plc assumed coverage on shares of Baker Hughes A GE in a research note on Wednesday, April 19th. They issued a hold rating and a $62.00 target price for the company. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the stock. Baker Hughes A GE presently has a consensus rating of Hold and an average price target of $60.77.

Shares of Baker Hughes A GE (NYSE:BHI) opened at 57.68 on Thursday. The company’s 50 day moving average price is $55.90 and its 200 day moving average price is $59.83. Baker Hughes A GE has a one year low of $43.09 and a one year high of $68.59.

Baker Hughes A GE (NYSE:BHI) last announced its earnings results on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.17. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.27 billion. Baker Hughes A GE had a negative net margin of 5.75% and a negative return on equity of 4.12%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.58) EPS. Equities analysts expect that Baker Hughes A GE will post $0.01 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Baker Hughes A GE by 1,858.5% in the first quarter. BlackRock Inc. now owns 32,833,178 shares of the oilfield services provider’s stock valued at $1,964,079,000 after buying an additional 31,156,767 shares in the last quarter. ValueAct Holdings L.P. raised its stake in Baker Hughes A GE by 14.6% in the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock valued at $1,878,816,000 after buying an additional 4,000,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Baker Hughes A GE by 3.5% in the first quarter. Vanguard Group Inc. now owns 29,075,548 shares of the oilfield services provider’s stock valued at $1,739,299,000 after buying an additional 991,070 shares in the last quarter. Dodge & Cox purchased a new stake in Baker Hughes A GE during the fourth quarter valued at about $1,667,596,000. Finally, American Century Companies Inc. raised its stake in Baker Hughes A GE by 5.7% in the first quarter. American Century Companies Inc. now owns 5,902,846 shares of the oilfield services provider’s stock valued at $353,108,000 after buying an additional 317,615 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

About Baker Hughes A GE

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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