Baker Hughes a GE company Gets a Buy Rating from Cowen & Co.

By Jason Carr

In a report released yesterday, Marc Bianchi from Cowen & Co. reiterated a Buy rating on Baker Hughes a GE company (NYSE: BHGE), with a price target of $55. The company’s shares closed yesterday at $36.50.

According to TipRanks.com, Bianchi is ranked 0 out of 5 stars with an average return of -5.2% and a 40.5% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oceaneering International.

Baker Hughes a GE company has an analyst consensus of Moderate Buy, with a price target consensus of $38.77.

The company has a one-year high of $44.55 and a one-year low of $29.62. Currently, Baker Hughes a GE company has an average volume of 4.62M.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BHGE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Baker Hughes, a GE Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. Through its subsidiaries, it helps its customers acquire, transport, and refine hydrocarbons a smaller environmental footprint. It offers products and services for upstream, midstream, downstream, industrial, and digital.