Baker Hughes, a GE company Class A (NASDAQ:BHGE) had its price target decreased by J P Morgan Chase & Co from $32.00 to $30.00 in a research report report published on Thursday, Marketbeat reports. J P Morgan Chase & Co currently has a neutral rating on the stock.

BHGE has been the subject of several other reports. Cowen and Company restated a buy rating and issued 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 for the company in a report on Monday, July 10th. Jefferies Group LLC restated a hold rating and issued a $40.00 target price on shares of Baker Hughes, a GE company Class A in a report on Sunday, September 10th. HSBC Holdings plc started coverage on Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They issued a buy rating and a $48.00 target price for the company. Finally, Argus started coverage on Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They issued a buy rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Baker Hughes, a GE company Class A has a consensus rating of Hold and an average price target of $44.25.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 36.67 on Thursday. Baker Hughes, a GE company Class A has a 1-year low of $32.43 and a 1-year high of $68.59. The firm has a 50-day moving average price of $34.59 and a 200-day moving average price of $48.97. The company’s market capitalization is $15.70 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its earnings results 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 company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the business posted ($0.90) EPS. The business’s revenue was down .2% on a year-over-year basis. Equities analysts anticipate that Baker Hughes, a GE company Class A will post $0.36 earnings per share for the current year.

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The firm also recently declared a monthly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Wednesday, August 9th.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli purchased 6,100 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $32.99 per share, with a total value of $201,239.00. Following the transaction, the insider now directly owns 9,139 shares in the company, valued at approximately $301,495.61. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John G. Rice purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $176,850. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 13,901 shares of company stock worth $476,796.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. South Dakota Investment Council bought a new position in Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $4,610,000. New Mexico Educational Retirement Board bought a new position in Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $1,461,000. Tudor Investment Corp ET AL bought a new position in Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $959,000. FTB Advisors Inc. bought a new position in Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $442,000. Finally, Fairpointe Capital LLC bought a new position in Baker Hughes, a GE company Class A in the 2nd quarter worth approximately $229,000.

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

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