Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Equities research analysts at Jefferies Group lowered their Q4 2017 earnings per share estimates for Baker Hughes, a GE company Class A in a research note issued to investors on Monday. Jefferies Group analyst B. Handler now forecasts that the company will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.20. Jefferies Group currently has a “Hold” rating and a $40.00 target price on the stock. Jefferies Group also issued estimates for Baker Hughes, a GE company Class A’s Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.46 EPS and FY2020 earnings at $3.10 EPS.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Baker Hughes, a GE company Class A’s quarterly revenue was up 77.7% on a year-over-year basis.

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Several other equities research analysts have also issued reports on the stock. Morgan Stanley set a $53.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Monday. Loop Capital set a $37.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a report on Monday. Scotiabank set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a report on Saturday. Cowen and Company set a $50.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, UBS AG began coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, October 19th. They issued a “neutral” rating and a $36.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Baker Hughes, a GE company Class A currently has a consensus rating of “Hold” and an average price target of $41.17.

Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 31.47 on Tuesday. Baker Hughes, a GE company Class A has a 1-year low of $31.40 and a 1-year high of $40.82. The stock’s market cap is $13.47 billion. The stock has a 50 day moving average of $35.59 and a 200 day moving average of $44.88.

Hedge funds have recently bought and sold shares of the business. M&R Capital Management Inc. bought a new position in Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $141,000. Fairpointe Capital LLC bought a new position in Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $229,000. Alpha Windward LLC bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $167,000. Eqis Capital Management Inc. bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $236,000. Finally, Canal Capital Management LLC bought a new position in Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $274,000.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli purchased 6,100 shares of the company’s stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $32.99 per share, for a total transaction of $201,239.00. Following the purchase, the insider now directly owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Worrell purchased 2,801 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average price of $35.24 per share, with a total value of $98,707.24. Following the completion of the purchase, the chief financial officer now directly owns 2,801 shares in the company, valued at $98,707.24. The disclosure for this purchase can be found here. Insiders acquired a total of 13,901 shares of company stock valued at $476,796 over the last 90 days.

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

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