Baker Hughes, a GE company Class A (BHGE) Given a $41.00 Price Target by Barclays PLC Analysts

Barclays PLC set a $41.00 price target on Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research report report published on Thursday. The firm currently has a buy rating on the stock.

BHGE has been the subject of a number of other reports. Jefferies Group LLC reaffirmed 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 $44.00 price objective on Baker Hughes, a GE company Class A and gave the stock a buy rating in a research report on Saturday, October 7th. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $38.00 price objective (down from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. J P Morgan Chase & Co decreased their price objective on Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a neutral rating for the company in a research report on Thursday, September 21st. Finally, Piper Jaffray Companies reaffirmed a hold rating on shares of Baker Hughes, a GE company Class A in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Baker Hughes, a GE company Class A has an average rating of Hold and an average price target of $40.74.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded up 4.54% during trading on Thursday, reaching $31.30. The company’s stock had a trading volume of 4,641,739 shares. The stock’s market capitalization is $13.40 billion. Baker Hughes, a GE company Class A has a 1-year low of $29.62 and a 1-year high of $68.59. The stock has a 50 day moving average price of $35.09 and a 200 day moving average price of $44.24.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its quarterly earnings data 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 business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.52 billion. The firm’s revenue was up 77.7% compared to the same quarter last year. Analysts anticipate that Baker Hughes, a GE company Class A will post $0.45 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.30%.

In related news, CFO Brian Worrell purchased 2,801 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $35.24 per share, with a total value of $98,707.24. Following the completion of the transaction, the chief financial officer now owns 2,801 shares of the company’s stock, valued at approximately $98,707.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lorenzo Simonelli purchased 6,100 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $32.99 per share, with a total value of $201,239.00. Following the transaction, the insider now directly owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. 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 three months.

Institutional investors have recently added to or reduced their stakes in the business. South Dakota Investment Council purchased a new position in Baker Hughes, a GE company Class A during the second quarter worth $4,610,000. Osborn Williams & Donohoe LLC purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth $514,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth $2,790,000. Arrow Financial Corp purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth $303,000. Finally, Edge Wealth Management LLC purchased a new position in Baker Hughes, a GE company Class A during the third quarter worth $378,000.

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

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