Baker Hughes, a GE company Class A (NASDAQ:BHGE)‘s stock had its “neutral” rating reaffirmed by equities research analysts at B. Riley in a report released on Friday.

Other equities analysts have also issued reports about the company. FBR & Co assumed coverage on Baker Hughes, a GE company Class A in a research note on Monday, July 17th. They set a “market perform” rating and a $42.00 price target for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 price target (down from $67.00) on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, August 9th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 20th. Argus assumed coverage on Baker Hughes, a GE company Class A in a research note on Monday, August 21st. They set a “buy” rating and a $43.00 price target for the company. Finally, UBS AG lowered Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.74.

Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at $33.92 on Friday.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share (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. Baker Hughes, a GE company Class A’s revenue for the quarter was up 77.7% compared to the same quarter last year.

TRADEMARK VIOLATION WARNING: “Baker Hughes, a GE company Class A (BHGE) Given Neutral Rating at B. Riley” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/baker-hughes-a-ge-company-class-a-bhge-given-neutral-rating-at-b-riley/1684558.html.

In related news, insider Lorenzo Simonelli acquired 6,100 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $32.99 per share, for a total transaction of $201,239.00. Following the transaction, the insider now owns 9,139 shares of the company’s stock, valued at $301,495.61. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Matthias L. Heilmann acquired 1,500 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were bought at an average price of $30.04 per share, with a total value of $45,060.00. Following the transaction, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The disclosure for this purchase can be found here.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Bank & Trust purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at $101,000. Trust Co. of Vermont purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at $105,000. Carroll Financial Associates Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at $136,000. Advisor Group Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the third quarter valued at $140,000. Finally, M&R Capital Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at $141,000.

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

Receive News & Ratings for Baker Hughes a GE company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes a GE company Class A and related companies with Analyst Ratings Network's FREE daily email newsletter.