Barclays PLC began coverage on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research note released on Thursday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $41.00 price objective on the stock.

“show me story,” with concerns about cash conversion and capital allocation, among others.Barclays said the bar remains quite low at least for now, with the 2018 EBITDA estimate well below the guidance.”While not immune to offshore and international headwinds, the new Baker Hughes is differentiated from its Large Cap OFS peers with a defensive global full-stream energy portfolio better suited for lower-for-longer oil prices,,” the firm’s analyst commented.

Other research analysts have also recently issued reports about the stock. Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They issued a buy rating for the company. Royal Bank Of Canada set a $55.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a buy rating in a report on Saturday, August 12th. Cowen and Company reiterated a buy rating and issued a $55.00 price objective on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Baker Hughes, a GE company Class A from a hold rating to a buy rating and set a $42.00 price objective for the company in a report on Monday, July 10th. Finally, HSBC Holdings plc assumed coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They set a buy rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $46.00.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) traded up 1.18% during midday trading on Thursday, hitting $34.30. The stock had a trading volume of 1,724,403 shares. Baker Hughes, a GE company Class A has a one year low of $32.43 and a one year high of $68.59. The firm has a 50 day moving average of $34.70 and a 200-day moving average of $51.09. The company’s market cap is $14.68 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its quarterly earnings data on Friday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.27. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. Baker Hughes, a GE company Class A’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.90) EPS. On average, analysts forecast that Baker Hughes, a GE company Class A will post $0.44 earnings per share for the current fiscal year.

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The firm also recently announced a monthly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend was Wednesday, August 9th.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli bought 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $32.99 per share, for a total transaction of $201,239.00. Following the completion of the acquisition, the insider now owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Worrell bought 2,801 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average price of $35.24 per share, with a total value of $98,707.24. Following the completion of the acquisition, the chief financial officer now directly owns 2,801 shares of the company’s stock, valued at approximately $98,707.24. The disclosure for this purchase can be found here. Insiders have purchased 13,901 shares of company stock valued at $476,796 over the last 90 days.

A number of hedge funds have recently modified their holdings of BHGE. M&R Capital Management Inc. bought a new stake in Baker Hughes, a GE company Class A during the second quarter worth approximately $141,000. Fairpointe Capital LLC bought a new stake in Baker Hughes, a GE company Class A during the second quarter worth approximately $229,000. FTB Advisors Inc. bought a new stake in Baker Hughes, a GE company Class A during the second quarter worth approximately $442,000. Tudor Investment Corp ET AL bought a new stake in Baker Hughes, a GE company Class A during the second quarter worth approximately $959,000. Finally, New Mexico Educational Retirement Board purchased a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter valued at approximately $1,461,000.

Analyst Recommendations for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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