FBR & Co began coverage on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research report issued to clients and investors on Monday, July 17th, MarketBeat.com reports. The brokerage set a “market perform” rating and a $42.00 price target on the stock. FBR & Co’s target price suggests a potential upside of 19.22% from the stock’s previous close. FBR & Co also issued estimates for Baker Hughes, a GE company Class A’s Q2 2017 earnings at $0.17 EPS, Q3 2017 earnings at $0.27 EPS, Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $1.95 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.61 EPS and FY2019 earnings at $2.45 EPS.
A number of other equities analysts have also recently issued reports on the company. Cowen and Company restated a “buy” rating and set a $55.00 target price on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. Zacks Investment Research upgraded Baker Hughes, a GE company Class A from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Monday, July 10th. HSBC Holdings plc initiated coverage on Baker Hughes, a GE company Class A in a research note on Thursday, July 13th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $43.00 price target (down previously from $65.00) on shares of Baker Hughes, a GE company Class A in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.71.
Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 35.23 on Monday. Baker Hughes, a GE company Class A has a 12-month low of $33.44 and a 12-month high of $40.82. The firm’s market capitalization is $15.08 billion. The firm’s 50-day moving average is $44.52 and its 200-day moving average is $55.57.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings data 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 company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted ($0.90) EPS. Equities research analysts forecast that Baker Hughes, a GE company Class A will post $0.51 EPS for the current fiscal year.
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In related news, CFO Brian Worrell purchased 2,801 shares of the firm’s stock in a transaction dated 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 purchase, the chief financial officer now owns 2,801 shares in the company, valued at approximately $98,707.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John G. Rice purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average cost of $35.37 per share, with a total value of $176,850.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $176,850. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Baker Hughes, a GE company Class A stock. New Mexico Educational Retirement Board bought a new stake in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,592 shares of the company’s stock, valued at approximately $1,461,000.
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