Zacks Investment Research upgraded shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “Baker Hughes, a GE Company is a provider of integrated oilfield products, services and digital solutions. Baker Hughes a GE Company, formerly known as Baker Hughes, is based in Houston, United States. “

A number of other research firms have also recently commented on BHGE. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and issued a $37.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 18th. J P Morgan Chase & Co lowered 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 report on Thursday, September 21st. FBR & Co initiated coverage on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. They issued a market perform rating and a $42.00 price target on the stock. Morgan Stanley reaffirmed an overweight rating and issued a $60.00 price target on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. Finally, Barclays PLC set a $43.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock an overweight rating in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Baker Hughes, a GE company Class A has a consensus rating of Hold and an average price target of $40.74.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) traded down $1.37 during midday trading on Monday, hitting $30.51. The stock had a trading volume of 6,303,303 shares, compared to its average volume of 3,860,000. Baker Hughes, a GE company Class A has a 12-month low of $29.62 and a 12-month high of $40.82.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The firm had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.52 billion. The company’s quarterly revenue was up 77.7% on a year-over-year basis.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a dividend of $0.18 per share. This is a boost from Baker Hughes, a GE company Class A’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, November 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 2.36%.

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

Several institutional investors have recently added to or reduced their stakes in the company. First Bank & Trust bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $101,000. Amica Retiree Medical Trust bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $101,000. Trust Co. of Vermont bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $105,000. Westside Investment Management Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $108,000. Finally, Sun Life Financial INC bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $115,000.

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

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