Baker Hughes, a GE company Class A (NASDAQ:BHGE)‘s stock had its “sell” rating reaffirmed by equities research analysts at Goldman Sachs Group, Inc. (The) in a report released on Tuesday, July 18th, MarketBeat Ratings reports. They presently have a $37.00 price objective on the stock. Goldman Sachs Group, Inc. (The)’s price objective would indicate a potential upside of 5.90% from the company’s previous close.
Several other research firms also recently commented on BHGE. BMO Capital Markets reissued a “hold” rating and issued a $43.00 target price (down from $65.00) on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 13th. FBR & Co assumed coverage on Baker Hughes, a GE company Class A in a research note on Monday, July 17th. They issued a “market perform” rating and a $42.00 price target for the company. HSBC Holdings plc assumed coverage on Baker Hughes, a GE company Class A in a research report on Thursday, July 13th. They set a “buy” rating and a $48.00 price objective for the company. Cowen and Company reissued a “buy” rating and set a $55.00 price target on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $60.00 price target on shares of Baker Hughes, a GE company Class A in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Baker Hughes, a GE company Class A presently has a consensus rating of “Hold” and a consensus target price of $46.71.
Shares of Baker Hughes, a GE company Class A (BHGE) opened at 34.94 on Tuesday. The company has a 50-day moving average price of $42.71 and a 200-day moving average price of $55.14. Baker Hughes, a GE company Class A has a 52-week low of $33.44 and a 52-week high of $68.59. The stock’s market capitalization is $14.96 billion.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its earnings results on Friday, July 28th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.27. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned ($0.90) earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that Baker Hughes, a GE company Class A will post $0.51 earnings per share for the current year.
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In other Baker Hughes, a GE company Class A news, Director John G. Rice acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average price of $35.37 per share, with a total value of $176,850.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $176,850. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Worrell acquired 2,801 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average cost of $35.24 per share, with a total value of $98,707.24. Following the purchase, the chief financial officer now owns 2,801 shares of the company’s stock, valued at $98,707.24. The disclosure for this purchase can be found here.
A hedge fund recently bought a new stake in Baker Hughes, a GE company Class A stock. New Mexico Educational Retirement Board acquired a new position in Baker Hughes, a GE company Class A (NASDAQ:BHGE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 39,592 shares of the company’s stock, valued at approximately $1,461,000.
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