Cowen and Company restated their outperform rating on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research note published on Wednesday. Cowen and Company currently has a $50.00 price objective on the stock.

BHGE has been the topic of a number of other research reports. Jefferies Group LLC reissued a hold rating and set a $40.00 price objective on shares of Baker Hughes, a GE company Class A in a research report on Sunday, September 10th. Royal Bank Of Canada set a $55.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a buy rating in a research report on Saturday, August 12th. Argus started coverage on shares of Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They set a buy rating on the stock. Barclays PLC started coverage on shares of Baker Hughes, a GE company Class A in a research report on Thursday, August 31st. They set an overweight rating and a $41.00 price objective on the stock. Finally, FBR & Co started coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, July 17th. They set a market perform rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $45.55.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 36.90 on Wednesday. Baker Hughes, a GE company Class A has a 1-year low of $32.43 and a 1-year high of $68.59. The firm’s market cap is $15.79 billion. The firm has a 50 day moving average price of $34.57 and a 200 day moving average price of $49.47.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its quarterly earnings results on Friday, July 28th. The company reported ($0.11) EPS 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. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.90) earnings per share. Analysts anticipate that Baker Hughes, a GE company Class A will post $0.44 EPS for the current year.

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The business also recently disclosed a monthly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.53%.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli bought 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 acquisition, the insider now directly owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Rice bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average price of $35.37 per share, for a total transaction of $176,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $176,850. The disclosure for this purchase can be found here. Insiders have bought a total of 13,901 shares of company stock worth $476,796 in the last three months.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. M&R Capital Management Inc. acquired a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth about $141,000. Fairpointe Capital LLC acquired a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth about $229,000. FTB Advisors Inc. acquired a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth about $442,000. Tudor Investment Corp ET AL acquired a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth about $959,000. Finally, South Dakota Investment Council acquired a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth about $4,610,000.

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

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