UBS AG began coverage on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research report released on Thursday morning. The brokerage issued a neutral rating and a $36.00 target price on the stock.

A number of other brokerages have also commented on BHGE. Seaport Global Securities reissued a neutral rating on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 20th. Barclays PLC started coverage on Baker Hughes, a GE company Class A in a research note on Thursday, August 31st. They set an overweight rating and a $41.00 price target on the stock. BMO Capital Markets reissued a hold rating and set a $43.00 price target (down from $65.00) on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. FBR & Co started coverage on Baker Hughes, a GE company Class A in a research note on Monday, July 17th. They set a market perform rating and a $42.00 price target on the stock. Finally, HSBC Holdings plc started coverage on Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. They set a buy rating and a $48.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $41.69.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) traded up 0.33% during mid-day trading on Thursday, reaching $33.26. The company’s stock had a trading volume of 7,152,564 shares. The company has a 50-day moving average of $35.67 and a 200-day moving average of $45.31. Baker Hughes, a GE company Class A has a 12 month low of $31.44 and a 12 month high of $68.59. The firm’s market cap is $14.24 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.52 billion. The company’s revenue for the quarter was up 77.7% compared to the same quarter last year. On average, analysts predict that Baker Hughes, a GE company Class A will post $0.48 earnings per share for the current year.

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In related news, CFO Brian Worrell acquired 2,801 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average cost of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the transaction, the chief financial officer now directly owns 2,801 shares of the company’s stock, valued at $98,707.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lorenzo Simonelli acquired 6,100 shares of the stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $32.99 per share, with a total value of $201,239.00. Following the completion of the transaction, 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. Insiders have bought 13,901 shares of company stock valued at $476,796 over the last 90 days.

Several institutional investors and hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $2,001,000. Alpha Windward LLC bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $167,000. Arrow Financial Corp bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $303,000. Mutual of America Capital Management LLC bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $5,688,000. Finally, Canal Capital Management LLC bought a new position in shares of Baker Hughes, a GE company Class A during the third quarter worth about $274,000.

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

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