UBS AG downgraded shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) from a positive rating to a neutral rating in a research report report published on Monday, The Fly reports.

Other equities analysts have also issued reports about the stock. Argus initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They set a buy rating for the company. HSBC Holdings plc initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They set a buy rating and a $48.00 target price for the company. Cowen and Company reaffirmed a buy rating and set a $55.00 target price on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. 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 target price for the company in a report on Monday, July 10th. 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 report on Saturday, August 12th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $43.36.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 36.48 on Monday. The stock’s market capitalization is $15.61 billion. Baker Hughes, a GE company Class A has a one year low of $32.43 and a one year high of $68.59. The firm’s 50-day moving average is $35.31 and its 200-day moving average is $47.30.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.27). The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Baker Hughes, a GE company Class A’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business posted ($0.90) earnings per share. On average, analysts expect that Baker Hughes, a GE company Class A will post $0.50 earnings per share for the current fiscal year.

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In related news, insider Lorenzo Simonelli purchased 6,100 shares of the business’s stock in a transaction that occurred on 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 acquisition, the insider now owns 9,139 shares in the company, valued at $301,495.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Worrell purchased 2,801 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was bought 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 disclosure for this purchase can be found here. In the last three months, insiders purchased 13,901 shares of company stock valued at $476,796.

A number of hedge funds and other institutional investors have recently modified their holdings of BHGE. M&R Capital Management Inc. purchased a new stake in Baker Hughes, a GE company Class A in the 2nd quarter worth $141,000. Fairpointe Capital LLC acquired a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth $229,000. Eqis Capital Management Inc. acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $236,000. Indiana Trust & Investment Management CO acquired a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth $375,000. Finally, FTB Advisors Inc. acquired a new stake in Baker Hughes, a GE company Class A during the 2nd quarter worth $442,000.

The Fly

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

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