Baker Hughes, a GE company Class A (BHGE) Given a $38.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a $38.00 price objective on Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research report report published on Wednesday morning, MarketBeat reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Argus started coverage on Baker Hughes, a GE company Class A in a report on Sunday, August 27th. They set a buy rating for the company. HSBC Holdings plc started coverage on Baker Hughes, a GE company Class A in a report on Thursday, July 13th. They set a buy rating and a $48.00 price target for the company. Cowen and Company reiterated a buy rating and set a $55.00 price target 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 price target for the company in a report on Monday, July 10th. Finally, Morgan Stanley set a $53.00 price target on Baker Hughes, a GE company Class A and gave the stock a buy rating in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $40.74.

Shares of Baker Hughes, a GE company Class A (NASDAQ BHGE) opened at 31.30 on Wednesday. The stock’s 50 day moving average price is $35.09 and its 200 day moving average price is $44.24. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $68.59. The company’s market capitalization is $13.40 billion.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last released its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A’s revenue was up 77.7% compared to the same quarter last year. On average, equities research analysts forecast that Baker Hughes, a GE company Class A will post $0.45 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, November 3rd.

In related news, insider Lorenzo Simonelli purchased 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction on Friday, August 18th. The shares were bought at an average price of $32.99 per share, with a total value of $201,239.00. Following the transaction, the insider now directly owns 9,139 shares of the company’s stock, valued at $301,495.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Rice purchased 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction on Wednesday, August 2nd. The stock was bought at an average cost of $35.37 per share, for a total transaction of $176,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $176,850. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,901 shares of company stock valued at $476,796 over the last 90 days.

Hedge funds have recently bought and sold shares of the business. First Bank & Trust acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $101,000. Trust Co. of Vermont acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $105,000. Carroll Financial Associates Inc. acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $136,000. M&R Capital Management Inc. acquired a new stake in Baker Hughes, a GE company Class A in the 2nd quarter valued at about $141,000. Finally, Fairpointe Capital LLC acquired a new stake in Baker Hughes, a GE company Class A in the 2nd quarter valued at about $229,000.

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