Argus started coverage on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research note published on Monday morning. The brokerage issued a buy rating and a $43.00 price objective on the stock.
Several other research analysts have also weighed in on the stock. Royal Bank Of Canada set a $55.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a buy rating in a report on Saturday, August 12th. Jefferies Group LLC reissued a hold rating and set a $40.00 price objective (down from $67.00) on shares of Baker Hughes, a GE company Class A in a report on Wednesday, August 9th. Seaport Global Securities reissued a neutral rating on shares of Baker Hughes, a GE company Class A in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reissued a sell rating and set a $37.00 price objective on shares of Baker Hughes, a GE company Class A in a report on Tuesday, July 18th. Finally, Morgan Stanley reissued an overweight rating and set a $60.00 price objective 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, four have issued a hold rating and six have given a buy rating to the stock. Baker Hughes, a GE company Class A has a consensus rating of Hold and a consensus target price of $46.50.
Shares of Baker Hughes, a GE company Class A (BHGE) opened at 32.54 on Monday. Baker Hughes, a GE company Class A has a 52-week low of $32.43 and a 52-week high of $40.82. The stock’s market capitalization is $13.93 billion. The stock’s 50 day moving average is $36.21 and its 200 day moving average is $52.76.
Baker Hughes, a GE company Class A (NASDAQ:BHGE) last announced its quarterly earnings data on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.27. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. Baker Hughes, a GE company Class A’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.90) earnings per share. Equities research analysts expect that Baker Hughes, a GE company Class A will post $0.47 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.27%.
In other Baker Hughes, a GE company Class A news, Director John G. Rice purchased 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $176,850. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lorenzo Simonelli purchased 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $32.99 per share, for a total transaction of $201,239.00. Following the completion of the transaction, the insider now owns 9,139 shares in the company, valued at approximately $301,495.61. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 13,901 shares of company stock worth $476,796.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. M&R Capital Management Inc. acquired a new position in Baker Hughes, a GE company Class A during the second quarter worth about $141,000. Fairpointe Capital LLC acquired a new position in Baker Hughes, a GE company Class A during the second quarter worth about $229,000. FTB Advisors Inc. acquired a new position in Baker Hughes, a GE company Class A during the second quarter worth about $442,000. Tudor Investment Corp ET AL acquired a new position in Baker Hughes, a GE company Class A during the second quarter worth about $959,000. Finally, New Mexico Educational Retirement Board acquired a new position in Baker Hughes, a GE company Class A during the second quarter worth about $1,461,000.
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