Baker Hughes, a GE company Class A (NASDAQ:BHGE) has been given an average rating of “Hold” by the sixteen research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $43.50.

BHGE has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $40.00 target price on shares of Baker Hughes, a GE company Class A in a research note on Sunday, September 10th. Barclays PLC set a $43.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a research report on Friday. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $38.00 price target (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday. J P Morgan Chase & Co dropped their price target on shares of Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, September 21st. Finally, Zacks Investment Research raised Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Monday, July 10th.

In related news, CFO Brian Worrell acquired 2,801 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average cost of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the acquisition, the chief financial officer now directly owns 2,801 shares of the company’s stock, valued at approximately $98,707.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lorenzo Simonelli acquired 6,100 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $32.99 per share, for a total transaction of $201,239.00. Following the purchase, the insider now directly owns 9,139 shares of the company’s stock, valued at $301,495.61. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 13,901 shares of company stock valued at $476,796.

A number of large investors have recently made changes to their positions in the stock. Cacti Asset Management LLC bought a new stake in Baker Hughes, a GE company Class A during the third quarter worth approximately $12,142,000. South Dakota Investment Council bought a new position in Baker Hughes, a GE company Class A during the 2nd quarter valued at $4,610,000. Park National Corp OH bought a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $1,601,000. New Mexico Educational Retirement Board bought a new position in Baker Hughes, a GE company Class A during the 2nd quarter valued at $1,461,000. Finally, Tudor Investment Corp ET AL bought a new position in Baker Hughes, a GE company Class A during the 2nd quarter valued at $959,000.

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Baker Hughes, a GE company Class A (NASDAQ BHGE) traded down 0.52% during mid-day trading on Friday, hitting $36.67. The company had a trading volume of 2,466,311 shares. The stock’s 50 day moving average price is $35.09 and its 200 day moving average price is $47.62. Baker Hughes, a GE company Class A has a 52-week low of $32.43 and a 52-week high of $68.59. The firm’s market cap is $15.70 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its quarterly earnings results on Friday, July 28th. The company reported ($0.11) EPS 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 analyst estimates of $2.35 billion. During the same period in the prior year, the company earned ($0.90) EPS. The business’s revenue was down .2% on a year-over-year basis. On average, equities research analysts predict that Baker Hughes, a GE company Class A will post $0.42 EPS for the current fiscal year.

About Baker Hughes, a GE company Class A

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

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