A number of firms have modified their ratings and price targets on shares of Baker Hughes, a GE company Class A (NASDAQ: BHGE) recently:

  • 9/13/2017 – Baker Hughes, a GE company Class A had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $50.00 price target on the stock.
  • 9/10/2017 – Baker Hughes, a GE company Class A had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $40.00 price target on the stock.
  • 9/5/2017 – Baker Hughes, a GE company Class A was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Baker Hughes, a GE Company is a provider of integrated oilfield products, services and digital solutions. Baker Hughes a GE Company, formerly known as Baker Hughes, is based in Houston, United States. “
  • 8/31/2017 – Baker Hughes, a GE company Class A is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $41.00 price target on the stock. They wrote, “show me story,” with concerns about cash conversion and capital allocation, among others.Barclays said the bar remains quite low at least for now, with the 2018 EBITDA estimate well below the guidance.”While not immune to offshore and international headwinds, the new Baker Hughes is differentiated from its Large Cap OFS peers with a defensive global full-stream energy portfolio better suited for lower-for-longer oil prices,”
  • 8/27/2017 – Baker Hughes, a GE company Class A is now covered by analysts at Argus. They set a “buy” rating on the stock.
  • 8/23/2017 – Baker Hughes, a GE company Class A had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock.
  • 8/21/2017 – Baker Hughes, a GE company Class A is now covered by analysts at Argus. They set a “buy” rating and a $43.00 price target on the stock.
  • 8/12/2017 – Baker Hughes, a GE company Class A was given a new $55.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 8/9/2017 – Baker Hughes, a GE company Class A had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $40.00 price target on the stock, down previously from $67.00.
  • 7/20/2017 – Baker Hughes, a GE company Class A had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 7/18/2017 – Baker Hughes, a GE company Class A had its “sell” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $37.00 price target on the stock.
  • 7/17/2017 – Baker Hughes, a GE company Class A is now covered by analysts at FBR & Co. They set a “market perform” rating and a $42.00 price target on the stock.
  • 7/17/2017 – Baker Hughes, a GE company Class A had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $60.00 price target on the stock.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at 36.41 on Friday. The firm has a 50 day moving average of $34.54 and a 200 day moving average of $49.64. Baker Hughes, a GE company Class A has a 52 week low of $32.43 and a 52 week high of $68.59. The firm’s market cap is $15.58 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.27). The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business posted ($0.90) EPS. The business’s quarterly revenue 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 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a $0.17 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $2.04 dividend on an annualized basis and a yield of 5.60%.

In other news, insider Lorenzo Simonelli purchased 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction on Friday, August 18th. The shares were purchased 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 directly owns 9,139 shares in the company, valued at $301,495.61. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John G. Rice purchased 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $176,850. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 13,901 shares of company stock worth $476,796.

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