Baker Hughes, a GE company Class A (NASDAQ:BHGE) has been given a $50.00 price objective by research analysts at Cowen and Company in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Cowen and Company’s price objective would suggest a potential upside of 50.83% from the stock’s current price.

Several other research analysts also recently commented on BHGE. UBS AG began coverage on shares of Baker Hughes, a GE company Class A in a research note on Thursday. They issued a “neutral” rating and a $36.00 price target on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 price target (down previously from $67.00) on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $38.00 price target (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. Royal Bank Of Canada set a $55.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Saturday, August 12th. Finally, Argus began coverage on shares of Baker Hughes, a GE company Class A in a research note on Sunday, August 27th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.69.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded down 1.92% during midday trading on Wednesday, hitting $33.15. 4,702,269 shares of the stock were exchanged. The firm has a 50 day moving average of $35.70 and a 200-day moving average of $45.59. The stock’s market cap is $14.19 billion. Baker Hughes, a GE company Class A has a 12 month low of $32.43 and a 12 month high of $68.59.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its quarterly earnings results on Friday, July 28th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ 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. Baker Hughes, a GE company Class A’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.90) earnings per share. Equities research analysts anticipate that Baker Hughes, a GE company Class A will post $0.48 EPS for the current year.

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In other Baker Hughes, a GE company Class A news, Director John G. Rice bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were bought at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $176,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lorenzo Simonelli bought 6,100 shares of the company’s stock in a transaction on Friday, August 18th. The shares were acquired at an average price of $32.99 per share, for a total transaction of $201,239.00. Following the completion of the acquisition, the insider now owns 9,139 shares in the company, valued at $301,495.61. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 13,901 shares of company stock worth $476,796.

Institutional investors have recently modified their holdings of the business. M&R Capital Management Inc. bought a new position in Baker Hughes, a GE company Class A during the 2nd quarter worth about $141,000. Fairpointe Capital LLC bought a new position in Baker Hughes, a GE company Class A during the 2nd quarter worth about $229,000. Eqis Capital Management Inc. bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth about $236,000. Indiana Trust & Investment Management CO bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth about $375,000. Finally, FTB Advisors Inc. bought a new position in Baker Hughes, a GE company Class A during the 2nd quarter worth about $442,000.

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

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