Baker Hughes, a GE company Class A (NASDAQ:BHGE)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group LLC in a note issued to investors on Sunday. They presently have a $40.00 target price on the stock. Jefferies Group LLC’s target price points to a potential upside of 16.21% from the company’s current price.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Barclays PLC began coverage on shares of Baker Hughes, a GE company Class A in a research report on Thursday, August 31st. They set an “overweight” rating and a $41.00 target price on the stock. Argus began coverage on shares of Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They set a “buy” rating on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada set a $55.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.00.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 34.42 on Friday. The company’s market capitalization is $14.73 billion. The company has a 50 day moving average price of $34.43 and a 200 day moving average price of $50.33. Baker Hughes, a GE company Class A has a 1-year low of $32.43 and a 1-year high of $68.59.

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 for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.27. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned ($0.90) earnings per share. Baker Hughes, a GE company Class A’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that Baker Hughes, a GE company Class A will post $0.44 EPS for the current fiscal year.

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In related news, Director John G. Rice bought 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average cost of $35.37 per share, with a total value of $176,850.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $176,850. The purchase was disclosed in a 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 dated Friday, August 18th. The shares were bought at an average cost of $32.99 per share, for a total transaction of $201,239.00. Following the completion of the transaction, the insider now owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 13,901 shares of company stock worth $476,796.

Hedge funds and other institutional investors 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 during the second quarter valued at approximately $141,000. Fairpointe Capital LLC bought a new position in shares of Baker Hughes, a GE company Class A during the second quarter valued at approximately $229,000. FTB Advisors Inc. bought a new position in shares of Baker Hughes, a GE company Class A during the second quarter valued at approximately $442,000. Tudor Investment Corp ET AL bought a new position in shares of Baker Hughes, a GE company Class A during the second quarter valued at approximately $959,000. Finally, New Mexico Educational Retirement Board bought a new position in shares of Baker Hughes, a GE company Class A during the second quarter valued at approximately $1,461,000.

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

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