Royal Bank Of Canada Analysts Give Baker Hughes, a GE company Class A (NASDAQ:BHGE) a $44.00 Price Target

Royal Bank Of Canada set a $44.00 price objective on Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a report released on Saturday, October 7th. The firm currently has a buy rating on the stock.

A number of other research firms have also recently commented on BHGE. Seaport Global Securities reiterated a neutral rating on shares of Baker Hughes, a GE company Class A in a research note on Thursday, July 20th. Barclays PLC initiated coverage on shares of Baker Hughes, a GE company Class A in a research note on Thursday, August 31st. They issued an overweight rating and a $41.00 target price for the company. BMO Capital Markets reiterated 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 research note on Thursday, July 13th. FBR & Co initiated coverage on shares of 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 target price for the company. Finally, HSBC Holdings plc initiated coverage on shares of 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 for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Baker Hughes, a GE company Class A currently has an average rating of Hold and an average target price of $42.07.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 33.70 on Friday. The firm’s market capitalization is $14.42 billion. The company has a 50-day moving average price of $35.74 and a 200-day moving average price of $46.05. Baker Hughes, a GE company Class A has a 12-month low of $32.43 and a 12-month high of $68.59.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its quarterly earnings results on Friday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.27). The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.90) EPS. Equities analysts predict that Baker Hughes, a GE company Class A will post $0.49 EPS for the current year.

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In related news, CFO Brian Worrell purchased 2,801 shares of the business’s stock in a transaction that occurred 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 acquisition, the chief financial officer now owns 2,801 shares in the company, valued at $98,707.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John G. Rice purchased 5,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director now owns 5,000 shares in the company, valued at approximately $176,850. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 13,901 shares of company stock valued at $476,796.

Several institutional investors have recently added to or reduced their stakes in the company. Cacti Asset Management LLC purchased a new stake in shares of Baker Hughes, a GE company Class A during the third quarter worth $12,142,000. South Dakota Investment Council purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth $4,610,000. Park National Corp OH purchased a new stake in shares of Baker Hughes, a GE company Class A during the third quarter worth $1,601,000. New Mexico Educational Retirement Board purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth $1,461,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Baker Hughes, a GE company Class A during the second quarter worth $959,000.

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

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