Baker Hughes, a GE company Class A (BHGE) Earns “Hold” Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their hold rating on shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research note issued to investors on Sunday morning. Jefferies Group LLC currently has a $40.00 target price on the stock.

Several other brokerages have also recently weighed in 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 price objective on the stock. BMO Capital Markets reiterated a hold rating and issued a $43.00 price objective (down previously 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 price objective on the stock. 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 price objective on the stock. Two analysts have rated the stock with a sell rating, four 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 $46.00.

Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 35.96 on Friday. Baker Hughes, a GE company Class A has a 1-year low of $32.43 and a 1-year high of $68.59. The stock has a 50 day moving average of $34.47 and a 200 day moving average of $50.01. The stock’s market cap is $15.39 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last issued 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 firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business earned ($0.90) EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts anticipate that Baker Hughes, a GE company Class A will post $0.44 EPS for the current fiscal year.

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The company also recently announced a monthly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 5.67%. The ex-dividend date was Wednesday, August 9th.

In related news, Director John G. Rice acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average cost of $35.37 per share, with a total value of $176,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $176,850. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lorenzo Simonelli acquired 6,100 shares of the business’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 completion of the acquisition, the insider now owns 9,139 shares in the company, valued at $301,495.61. The disclosure for this purchase can be found here. Insiders purchased a total of 13,901 shares of company stock valued at $476,796 over the last three months.

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

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

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