Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Investment analysts at Jefferies Group decreased their FY2020 earnings per share (EPS) estimates for Baker Hughes, a GE company Class A in a report released on Wednesday. Jefferies Group analyst B. Handler now anticipates that the company will post earnings per share of $3.15 for the year, down from their prior forecast of $3.50. Jefferies Group currently has a “Hold” rating and a $40.00 target price on the stock.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.27). The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company posted ($0.90) earnings per share. The business’s revenue was down .2% compared to the same quarter last year.

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BHGE has been the topic of several other research reports. Cowen and Company reiterated a “buy” rating and issued a $55.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. Zacks Investment Research upgraded Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Monday, July 10th. Deutsche Bank AG initiated coverage on Baker Hughes, a GE company Class A in a report on Tuesday. They issued a “hold” rating and a $35.00 price target on the stock. HSBC Holdings plc initiated coverage on Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They issued a “buy” rating and a $48.00 price target on the stock. Finally, Royal Bank Of Canada set a $44.00 price target on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Saturday, October 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Baker Hughes, a GE company Class A currently has an average rating of “Hold” and a consensus price target of $42.07.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) traded down 1.37% during midday trading on Thursday, reaching $33.92. The company had a trading volume of 4,672,356 shares. The stock’s market capitalization is $14.52 billion. Baker Hughes, a GE company Class A has a 12-month low of $32.43 and a 12-month high of $40.82. The stock’s 50 day moving average is $35.62 and its 200-day moving average is $46.51.

Institutional investors have recently modified their holdings of the company. M&R Capital Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter worth approximately $141,000. Fairpointe Capital LLC purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter worth approximately $229,000. Eqis Capital Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth approximately $236,000. Indiana Trust & Investment Management CO purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth approximately $375,000. Finally, FTB Advisors Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter worth approximately $442,000.

In related news, Director John G. Rice acquired 5,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average cost of $35.37 per share, with a total value of $176,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $176,850. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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, with a total value of $98,707.24. Following the completion of the purchase, the chief financial officer now owns 2,801 shares of the company’s stock, valued at $98,707.24. 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.

Earnings History and Estimates for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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