Baker Hughes, a GE company Class A (NASDAQ:BHGE) has been given a consensus rating of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $45.88.

BHGE has been the topic 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 target price on the stock in a research note on Monday, July 10th. Cowen and Company reissued a “buy” rating and issued a $55.00 target price on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, July 11th. HSBC Holdings plc initiated coverage on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. They issued a “buy” rating and a $48.00 target price on the stock. BMO Capital Markets reissued 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 research note on Thursday, July 13th. Finally, FBR & Co initiated coverage on shares of Baker Hughes, a GE company Class A in a research note on Monday, July 17th. They issued a “market perform” rating and a $42.00 target price on the stock.

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In other news, Director John G. Rice purchased 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of $35.37 per share, with a total value of $176,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $176,850. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Worrell purchased 2,801 shares of Baker Hughes, a GE company Class A stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $35.24 per share, for a total transaction of $98,707.24. Following the transaction, 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.

A hedge fund recently bought a new stake in Baker Hughes, a GE company Class A stock. New Mexico Educational Retirement Board purchased a new stake in shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 39,592 shares of the company’s stock, valued at approximately $1,461,000.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at 34.70 on Friday. Baker Hughes, a GE company Class A has a 52 week low of $33.44 and a 52 week high of $68.59. The firm’s 50-day moving average price is $40.28 and its 200 day moving average price is $54.36. The company’s market capitalization is $14.85 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.27. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned ($0.90) earnings per share. Baker Hughes, a GE company Class A’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts predict that Baker Hughes, a GE company Class A will post $0.47 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Wednesday, August 9th.

About Baker Hughes, a GE company Class A

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

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