Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $44.00.

BHGE has been the topic of several recent research reports. Zacks Investment Research lowered Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Cowen and Company restated a “buy” rating and set a $55.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. Morgan Stanley restated an “overweight” rating and set a $60.00 price target on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $37.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 18th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 20th.

In other Baker Hughes, a GE company Class A news, Director John G. Rice bought 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction on Wednesday, August 2nd. The shares were acquired at an average price of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $176,850. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lorenzo Simonelli bought 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $32.99 per share, for a total transaction of $201,239.00. Following the purchase, the insider now owns 9,139 shares of the company’s stock, valued at $301,495.61. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 13,901 shares of company stock worth $476,796.

A number of hedge funds have recently added to or reduced their stakes in the business. South Dakota Investment Council purchased a new stake in Baker Hughes, a GE company Class A in the second quarter worth $4,610,000. New Mexico Educational Retirement Board purchased a new stake in Baker Hughes, a GE company Class A in the second quarter worth $1,461,000. Tudor Investment Corp ET AL purchased a new stake in Baker Hughes, a GE company Class A in the second quarter worth $959,000. FTB Advisors Inc. purchased a new stake in Baker Hughes, a GE company Class A in the second quarter worth $442,000. Finally, Fairpointe Capital LLC purchased a new stake in Baker Hughes, a GE company Class A in the second quarter worth $229,000.

Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 36.62 on Friday. The stock’s market capitalization is $15.67 billion. Baker Hughes, a GE company Class A has a 52 week low of $32.43 and a 52 week high of $68.59. The company has a 50 day moving average of $34.59 and a 200 day moving average of $48.97.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its quarterly earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.27). The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the firm earned ($0.90) EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts expect that Baker Hughes, a GE company Class A will post $0.43 EPS for the current fiscal year.

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Baker Hughes, a GE company Class A Company Profile

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

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