Baker Hughes, a GE company Class A (NASDAQ:BHGE) has been assigned a $44.00 target price by equities research analysts at Scotiabank in a report released on Saturday. The brokerage currently has a “hold” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 32.29% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Argus initiated coverage on Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They set a “buy” rating for the company. HSBC Holdings plc initiated coverage on Baker Hughes, a GE company Class A in a research report on Thursday, July 13th. They set a “buy” rating and a $48.00 target price for the company. Cowen and Company reaffirmed a “buy” rating and set a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Tuesday, July 11th. Zacks Investment Research raised Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Monday, July 10th. Finally, Royal Bank Of Canada set a $55.00 target price on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.82.

Baker Hughes, a GE company Class A (BHGE) traded up 0.33% during mid-day trading on Friday, hitting $33.26. The company had a trading volume of 7,152,564 shares. Baker Hughes, a GE company Class A has a 12 month low of $31.44 and a 12 month high of $40.82. The firm’s market capitalization is $14.24 billion. The company has a 50-day moving average price of $35.67 and a 200 day moving average price of $45.31.

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

COPYRIGHT VIOLATION WARNING: This story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/22/baker-hughes-a-ge-company-class-a-bhge-pt-set-at-44-00-by-scotiabank.html.

In related news, CFO Brian Worrell purchased 2,801 shares of Baker Hughes, a GE company Class A stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average cost of $35.24 per share, with a total value of $98,707.24. Following the transaction, the chief financial officer now owns 2,801 shares in the company, valued at approximately $98,707.24. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lorenzo Simonelli purchased 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $32.99 per share, with a total value of $201,239.00. Following the completion of the transaction, the insider now owns 9,139 shares in the company, valued at approximately $301,495.61. The disclosure for this purchase can be found here. Over the last three months, insiders bought 13,901 shares of company stock valued at $476,796.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&R Capital Management Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth $141,000. Alpha Windward LLC bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $167,000. Fairpointe Capital LLC bought a new position in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth $229,000. Eqis Capital Management Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $236,000. Finally, Canal Capital Management LLC bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth $274,000.

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

Receive News & Stock Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related stocks with our FREE daily email newsletter.