Economy

The Susquehanna Analysts Give Baker Hughes Inc. (BHI) a $70.00 Price Target

The stock now has Monthly Volatility of 2.86% and Weekly Volatility of 2.33%. Deutsche Bank AG initiated coverage on Baker Hughes, a GE company Class A in a research note on Tuesday, October 10th.

BHGE has been the subject of several other reports.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) opened at $33.92 on Tuesday. Finally, Fairpointe Capital LLC bought a new stake in shares of Baker Hughes, a GE company Class A in the second quarter worth about $229,000. DA Davidson reissued a "buy" rating on shares of Baker Hughes in a research report on Monday, November 14th. FBR & Co reissued a "buy" rating on shares of Baker Hughes in a research report on Friday, July 29th.

Scotiabank set a $44.00 target price on Baker Hughes, a GE company Class A (NASDAQ:BHGE) in a research report sent to investors on Saturday, October 21st.

Baker Hughes, a GE company has a consensus hold rating from 31 Wall Street analysts, and the number of shares now sold short amount to at least 1.9% of shares outstanding.

TRADEMARK VIOLATION WARNING: "Baker Hughes, a GE company Class A (BHGE) Given Neutral Rating at B. Riley" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes.

Baker Hughes (NYSE:BHI) traded up 1.91% during trading on Monday, hitting $62.02. The company has its outstanding shares of 1.15B. The corporation has a market cap of US$38.97 Billion. Royal Bank Of Canada set a $44.00 price target on Baker Hughes, a GE company Class A and gave the company a buy rating in a research note on Saturday, October 7th.

Analyzing the technical facts of Baker Hughes, a GE company (BHGE), its current distance from 20-Day Simple Moving Average is 4.17% and standing -1.78% away from 50-Day Simple Moving Average while traded down -11.41% from 200-Day Simple Moving Average. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.07). However it has a net margin of -1.70%. The firm earned $2.40 billion during the quarter, compared to analysts' expectations of $2.41 billion. For the past 5 years, the company's revenue has grown -7.1%, while the company's earnings per share has grown -26.8%. Baker Hughes, a GE company Class A's revenue was up 77.7% compared to the same quarter previous year. Analysts forecast that Baker Hughes will post ($1.61) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.12%.

Looking forward, the company's quarterly earnings are expected to come at $1.71 in the three months through December 2017 and $1.94 in the quarter ending March 2018, reflecting 0% and 17.58% growth, respectively.

In related news, insider Matthias L. Heilmann purchased 1,500 shares of the company's stock in a transaction dated Thursday, October 26th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the transaction, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. The portion of a company's profit allocated to each outstand ing share of common stock was $6.97 a share in the trailing twelve months. The shares were sold at an average price of $53.00, for a total transaction of $159,000.00. Following the transaction, the senior vice president now owns 21,160 shares of the company's stock, valued at approximately $1,121,480. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of BHI. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. Creative Planning raised its position in Baker Hughes by 27.4% in the second quarter. (FET) stock moved with shift of 4.81% in the past week. Baker Hughes, a GE company has 1.15 billion shares outstand ing, and in the last trade has seen ATR around 1.03.



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