Baker Hughes, a GE company Class A (NASDAQ:BHGE)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a note issued to investors on Tuesday.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Cowen and Company reiterated a “buy” rating and set a $55.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 11th. Morgan Stanley reiterated an “overweight” rating and set a $60.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $37.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 18th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.17.

Baker Hughes, a GE company Class A (NASDAQ BHGE) traded down 2.48% during trading on Tuesday, hitting $30.69. The stock had a trading volume of 4,114,200 shares. The company’s market cap is $13.14 billion. Baker Hughes, a GE company Class A has a 12-month low of $30.63 and a 12-month high of $40.82. The company has a 50 day moving average of $35.59 and a 200-day moving average of $44.88.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its earnings results on Friday, October 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.52 billion. The company’s quarterly revenue was up 77.7% on a year-over-year basis. On average, equities analysts predict 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, CFO Brian Worrell bought 2,801 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of $35.24 per share, for a total transaction of $98,707.24. Following the purchase, the chief financial officer now directly owns 2,801 shares in the company, valued at $98,707.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Rice bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average price of $35.37 per share, with a total value of $176,850.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $176,850. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 13,901 shares of company stock valued at $476,796.

A number of large investors have recently made changes to their positions in BHGE. APG Asset Management N.V. bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at approximately $24,992,000. Strs Ohio bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at approximately $23,293,000. Personal Capital Advisors Corp bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at approximately $22,087,000. Cacti Asset Management LLC bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at approximately $12,142,000. Finally, Whittier Trust Co. bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at approximately $9,191,000.

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

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