Equities researchers at UBS AG started coverage on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research note issued on Thursday, 247wallst.com reports. The firm set a “neutral” rating and a $36.00 price target on the stock. UBS AG’s price objective indicates a potential upside of 8.24% from the stock’s previous close.

A number of other research firms also recently weighed in on BHGE. Cowen and Company restated an “outperform” rating and issued a $55.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 23rd. Jefferies Group LLC restated a “hold” rating and issued a $40.00 price target (down from $67.00) on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $38.00 price target (down 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 Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Saturday, August 12th. Finally, Argus assumed coverage on Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $41.82.

Baker Hughes, a GE company Class A (NASDAQ BHGE) traded up 0.33% during trading on Thursday, reaching $33.26. The company’s stock had a trading volume of 7,152,564 shares. The stock’s 50 day moving average is $35.67 and its 200-day moving average is $45.31. The firm’s market cap is $14.24 billion. Baker Hughes, a GE company Class A has a 52 week low of $31.44 and a 52 week high of $40.82.

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

COPYRIGHT VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/22/baker-hughes-a-ge-company-class-a-bhge-receives-new-coverage-from-analysts-at-ubs-ag.html.

In other news, CFO Brian Worrell purchased 2,801 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average cost of $35.24 per share, with a total value of $98,707.24. Following the acquisition, the chief financial officer now owns 2,801 shares in the company, valued at approximately $98,707.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lorenzo Simonelli purchased 6,100 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average cost of $32.99 per share, with a total value of $201,239.00. Following the completion of the acquisition, the insider now owns 9,139 shares in the company, valued at approximately $301,495.61. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 13,901 shares of company stock valued at $476,796.

A number of large investors have recently added to or reduced their stakes in BHGE. M&R Capital Management Inc. acquired a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth approximately $141,000. Alpha Windward LLC acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $167,000. Fairpointe Capital LLC acquired a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth approximately $229,000. Eqis Capital Management Inc. acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $236,000. Finally, Canal Capital Management LLC acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $274,000.

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

Receive News & Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related companies with MarketBeat.com's FREE daily email newsletter.