UBS AG cut shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) from a positive rating to a neutral rating in a research report sent to investors on Monday.

Several other research firms also recently weighed in on BHGE. Cowen and Company restated an outperform rating and issued a $55.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 23rd. Jefferies Group LLC reiterated a hold rating and set a $40.00 price objective (down previously from $67.00) on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 9th. Bank of America Corporation started coverage on Baker Hughes, a GE company Class A in a research note on Monday, September 25th. They set an underperform rating and a $36.00 price objective for the company. Royal Bank Of Canada set a $55.00 target price on Baker Hughes, a GE company Class A and gave the stock a buy rating in a report on Saturday, August 12th. Finally, Argus began coverage on Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They issued a buy rating on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $43.36.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 36.86 on Monday. Baker Hughes, a GE company Class A has a one year low of $32.43 and a one year high of $68.59. The company’s 50-day moving average price is $35.09 and its 200 day moving average price is $47.62. The company’s market cap is $15.78 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.27). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned ($0.90) earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Baker Hughes, a GE company Class A will post $0.43 earnings per share for the current year.

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In other Baker Hughes, a GE company Class A news, CFO Brian Worrell purchased 2,801 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average price of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the purchase, the chief financial officer now directly owns 2,801 shares of the company’s stock, valued at $98,707.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lorenzo Simonelli purchased 6,100 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $32.99 per share, with a total value of $201,239.00. Following the purchase, the insider now directly owns 9,139 shares of the company’s stock, valued at $301,495.61. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 13,901 shares of company stock worth $476,796.

Several large investors have recently made changes to their positions in the company. M&R Capital Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter valued at $141,000. Fairpointe Capital LLC bought a new stake in Baker Hughes, a GE company Class A in the 2nd quarter worth about $229,000. FTB Advisors Inc. bought a new stake in Baker Hughes, a GE company Class A in the 2nd quarter worth about $442,000. Tudor Investment Corp ET AL bought a new stake in Baker Hughes, a GE company Class A in the 2nd quarter worth about $959,000. Finally, New Mexico Educational Retirement Board bought a new stake in Baker Hughes, a GE company Class A in the 2nd quarter worth about $1,461,000.

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

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