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

Other analysts have also recently issued research reports about the stock. UBS AG initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday. They issued a “neutral” rating and a $36.00 price objective on the stock. Cowen and Company reissued an “outperform” rating and set a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and set a $40.00 target price (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 reissued a “neutral” rating and set a $38.00 target price (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada set a $55.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the 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% on Friday, reaching $33.26. The company had a trading volume of 7,152,564 shares. The company’s 50-day moving average price is $35.67 and its 200 day moving average price is $45.31. Baker Hughes, a GE company Class A has a 1-year low of $31.44 and a 1-year high of $40.82. The firm’s market capitalization is $14.24 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its quarterly earnings data on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.07). The business had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.52 billion. The business’s quarterly revenue was up 77.7% compared to the same quarter last year. On average, equities analysts forecast that Baker Hughes, a GE company Class A will post $0.48 EPS for the current year.

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In other news, Director John G. Rice acquired 5,000 shares of the company’s stock in a transaction on 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 acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $176,850. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian Worrell acquired 2,801 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $35.24 per share, with a total value of $98,707.24. Following the completion of the acquisition, the chief financial officer now directly owns 2,801 shares in the company, valued at approximately $98,707.24. The disclosure for this purchase can be found here. Insiders bought a total of 13,901 shares of company stock worth $476,796 in the last 90 days.

Large investors have recently made changes to their positions in the business. M&R Capital Management Inc. bought a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth about $141,000. Fairpointe Capital LLC bought a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth about $229,000. Alpha Windward LLC bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth about $167,000. Eqis Capital Management Inc. bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth about $236,000. Finally, Canal Capital Management LLC bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth about $274,000.

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

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