Baker Hughes, a GE company Class A (NASDAQ:BHGE) – Stock analysts at FBR & Co lowered their Q3 2017 earnings per share estimates for Baker Hughes, a GE company Class A in a research note issued to investors on Monday. FBR & Co analyst T. Curran now forecasts that the company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.15. FBR & Co currently has a “Market Perform” rating and a $42.00 price target on the stock. FBR & Co also issued estimates for Baker Hughes, a GE company Class A’s Q4 2017 earnings at $0.18 EPS.

BHGE has been the topic of a number of other reports. Jefferies Group LLC restated a “hold” rating and set a $40.00 price objective on shares of Baker Hughes, a GE company Class A in a research report on Sunday, September 10th. Barclays PLC set a $43.00 price target on Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a report on Friday, September 29th. Royal Bank Of Canada set a $44.00 price target on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Saturday, October 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $38.00 price target (down from $42.00) on shares of Baker Hughes, a GE company Class A in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co reduced their price target on Baker Hughes, a GE company Class A from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.07.

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Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at 33.80 on Tuesday. The stock’s market capitalization is $14.47 billion. The firm has a 50-day moving average price of $35.70 and a 200-day moving average price of $45.59. 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 announced its quarterly earnings results on Friday, July 28th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ 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. Baker Hughes, a GE company Class A’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.90) earnings per share.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. M&R Capital Management Inc. purchased a new position in Baker Hughes, a GE company Class A during the 2nd quarter worth $141,000. Fairpointe Capital LLC purchased a new position in Baker Hughes, a GE company Class A during the 2nd quarter worth $229,000. Eqis Capital Management Inc. purchased a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $236,000. Indiana Trust & Investment Management CO purchased a new position in Baker Hughes, a GE company Class A during the 3rd quarter worth $375,000. Finally, FTB Advisors Inc. purchased a new position in Baker Hughes, a GE company Class A during the 2nd quarter worth $442,000.

In other Baker Hughes, a GE company Class A news, CFO Brian Worrell purchased 2,801 shares of Baker Hughes, a GE company Class A stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $35.24 per share, for a total transaction of $98,707.24. Following the completion of the acquisition, the chief financial officer now owns 2,801 shares in the company, valued at approximately $98,707.24. The acquisition 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 Baker Hughes, a GE company Class A stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average price of $35.37 per share, for a total transaction of $176,850.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $176,850. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 13,901 shares of company stock worth $476,796.

Earnings History and Estimates for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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