Cowen and Company reissued their outperform rating on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research note issued to investors on Wednesday. The firm currently has a $50.00 target price on the stock.

A number of other research analysts also recently issued reports on the company. Jefferies Group LLC restated a hold rating and set a $40.00 price target on shares of Baker Hughes, a GE company Class A in a research note on Sunday. Zacks Investment Research downgraded Baker Hughes, a GE company Class A from a hold rating to a sell rating in a research note on Tuesday, September 5th. Barclays PLC assumed coverage on Baker Hughes, a GE company Class A in a research note on Thursday, August 31st. They set an overweight rating and a $41.00 price target on the stock. Argus assumed coverage on Baker Hughes, a GE company Class A in a research note on Sunday, August 27th. They set a buy rating on the stock. Finally, Royal Bank Of Canada set a $55.00 price target on Baker Hughes, a GE company Class A and gave the stock a buy rating in a research note on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Baker Hughes, a GE company Class A currently has a consensus rating of Hold and an average target price of $45.55.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded up 1.44% during midday trading on Wednesday, reaching $36.61. The company had a trading volume of 1,902,783 shares. The stock’s market capitalization is $15.67 billion. The company’s 50 day moving average price is $34.51 and its 200 day moving average price is $49.84. Baker Hughes, a GE company Class A has a 52-week low of $32.43 and a 52-week 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.90) EPS. Equities research analysts expect that Baker Hughes, a GE company Class A will post $0.44 earnings per share for the current year.

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The business also recently announced a monthly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a $0.17 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $2.04 annualized dividend and a dividend yield of 5.65%.

In related news, insider Lorenzo Simonelli bought 6,100 shares of the stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $32.99 per share, for a total transaction of $201,239.00. Following the purchase, the insider now owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brian Worrell bought 2,801 shares of the stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the purchase, the chief financial officer now directly owns 2,801 shares in the company, valued at approximately $98,707.24. The disclosure for this purchase can be found here. Insiders acquired a total of 13,901 shares of company stock worth $476,796 over the last quarter.

Hedge funds have recently made changes to their positions in the business. M&R Capital Management Inc. purchased a new position in shares of Baker Hughes, a GE company Class A in the 2nd quarter valued at approximately $141,000. Fairpointe Capital LLC purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at approximately $229,000. FTB Advisors Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at approximately $442,000. Tudor Investment Corp ET AL purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at approximately $959,000. Finally, New Mexico Educational Retirement Board purchased a new stake in shares of Baker Hughes, a GE company Class A in the second quarter valued at approximately $1,461,000.

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

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