Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) have been assigned a consensus recommendation of “Hold” from the twenty research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.63.

BHGE has been the subject of a number of research reports. Zacks Investment Research raised shares of Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Monday, July 10th. Cowen and Company reaffirmed a “buy” rating and issued a $55.00 target price on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. HSBC Holdings plc started coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They issued a “buy” rating and a $48.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $43.00 target price (down from $65.00) on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. Finally, FBR & Co started coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. They issued a “market perform” rating and a $42.00 target price for the company.

Baker Hughes, a GE company Class A (BHGE) opened at 30.69 on Wednesday. Baker Hughes, a GE company Class A has a 52-week low of $30.63 and a 52-week high of $40.82. The firm’s market capitalization is $13.14 billion. The company has a 50 day moving average price of $35.45 and a 200 day moving average price of $44.66.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The company 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 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 fiscal year.

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

Several institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $105,000. M&R Capital Management Inc. acquired a new stake in shares of Baker Hughes, a GE company Class A in the second quarter worth $141,000. Fairpointe Capital LLC acquired a new stake in shares of Baker Hughes, a GE company Class A in the second quarter worth $229,000. Alpha Windward LLC acquired a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $167,000. Finally, Huntington National Bank acquired a new stake in shares of Baker Hughes, a GE company Class A in the third quarter worth $191,000.

About Baker Hughes, a GE company Class A

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

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