Baker Hughes, a GE company Class A (BHGE) PT Set at $43.00 by Barclays PLC
Baker Hughes, a GE company Class A (NASDAQ:BHGE) has been assigned a $43.00 price objective by stock analysts at Barclays PLC in a report issued on Friday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s target price suggests a potential upside of 17.42% from the stock’s current price.
Several other brokerages have also recently issued reports on BHGE. Jefferies Group LLC reiterated a “hold” rating and set a $40.00 price target on shares of Baker Hughes, a GE company Class A in a research report on Sunday, September 10th. J P Morgan Chase & Co lowered their price objective on shares of Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. 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 objective on the stock in a research report on Monday, July 10th. Argus initiated coverage on Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They set a “buy” rating on the stock. Finally, Cowen and Company reiterated an “outperform” rating and set a $50.00 target price on shares of Baker Hughes, a GE company Class A in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.36.
Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded up 0.33% during mid-day trading on Friday, hitting $36.74. The stock had a trading volume of 1,177,997 shares. The stock’s 50-day moving average is $34.59 and its 200 day moving average is $48.97. 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 capitalization is $15.73 billion.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued its quarterly earnings data on Friday, July 28th. The company reported ($0.11) earnings per share (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. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts predict that Baker Hughes, a GE company Class A will post $0.43 EPS for the current fiscal year.
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In other news, insider Lorenzo Simonelli purchased 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $32.99 per share, with a total value of $201,239.00. Following the completion of the transaction, the insider now directly owns 9,139 shares of the company’s stock, valued at $301,495.61. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Worrell acquired 2,801 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of $35.24 per share, with a total value of $98,707.24. Following the completion of the acquisition, the chief financial officer now owns 2,801 shares in the company, valued at $98,707.24. The disclosure for this purchase can be found here. Insiders have acquired 13,901 shares of company stock valued at $476,796 in the last quarter.
A number of hedge funds have recently added to or reduced their stakes in BHGE. M&R Capital Management Inc. purchased a new stake in Baker Hughes, a GE company Class A during the 2nd quarter valued at $141,000. Fairpointe Capital LLC bought a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth $229,000. FTB Advisors Inc. bought a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth $442,000. Tudor Investment Corp ET AL bought a new stake in shares of Baker Hughes, a GE company Class A in the 2nd quarter worth $959,000. Finally, New Mexico Educational Retirement Board purchased a new position in shares of Baker Hughes, a GE company Class A in the second quarter worth $1,461,000.
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