Baker Hughes, a GE company Class A (NYSE:BHGE) has been given a $35.00 price target by equities research analysts at Jefferies Group in a report released on Thursday, January 4th. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential upside of 11.46% from the stock’s previous close. Jefferies Group also issued estimates for Baker Hughes, a GE company Class A’s Q4 2017 earnings at $0.17 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $2.05 EPS.

Several other brokerages also recently commented on BHGE. Susquehanna Bancshares restated a “neutral” rating and issued a $38.00 target price (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research note on Monday, October 2nd. Bank of America initiated coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, September 25th. They set an “underperform” rating and a $36.00 price target on the stock. Royal Bank of Canada set a $44.00 price target on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Saturday, October 7th. Barclays set a $43.00 price objective on Baker Hughes, a GE company Class A and gave the stock an “overweight” rating in a report on Friday, September 29th. Finally, Cowen set a $50.00 price objective on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.05.

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Baker Hughes, a GE company Class A (BHGE) opened at $31.40 on Thursday. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $63.78. The company has a market cap of $14,018.49, a P/E ratio of 654.80, a PEG ratio of 1.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.56.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. sell-side analysts forecast that Baker Hughes, a GE company Class A will post 0.9 EPS for the current year.

In related news, insider William D. Marsh sold 5,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now owns 25,190 shares in the company, valued at approximately $881,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. First Bank & Trust bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $101,000. Amica Retiree Medical Trust bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $101,000. Trust Co. of Vermont bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $105,000. Westside Investment Management Inc. bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $108,000. Finally, Sun Life Financial INC bought a new position in shares of Baker Hughes, a GE company Class A in the third quarter worth $115,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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

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