General Electric (NYSE:GE)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research note issued on Friday. They currently have a $15.00 target price on the conglomerate’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 1.01% from the stock’s current price.
Several other research firms also recently weighed in on GE. JPMorgan Chase & Co. decreased their price objective on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Vertical Research set a $18.00 price objective on General Electric and gave the company a “hold” rating in a report on Tuesday, January 16th. UBS Group began coverage on General Electric in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 price objective for the company. TheStreet cut General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. Finally, Citigroup set a $25.00 price target on General Electric and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Electric has a consensus rating of “Hold” and a consensus price target of $19.86.
Shares of General Electric (NYSE:GE) opened at $14.85 on Friday. The firm has a market capitalization of $129,214.06, a P/E ratio of -20.62, a PEG ratio of 2.83 and a beta of 0.93. General Electric has a fifty-two week low of $14.23 and a fifty-two week high of $30.59. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09.
General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. General Electric’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. sell-side analysts predict that General Electric will post 0.99 EPS for the current fiscal year.
In other General Electric news, Director Francisco Dsouza acquired 55,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $17.94 per share, for a total transaction of $986,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander Dimitrief acquired 2,689 shares of the business’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $16.16 per share, with a total value of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The disclosure for this purchase can be found here. Insiders acquired 58,870 shares of company stock valued at $1,049,050 in the last quarter. 0.36% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its position in shares of General Electric by 21.3% in the second quarter. Toronto Dominion Bank now owns 3,375,683 shares of the conglomerate’s stock valued at $91,179,000 after buying an additional 593,686 shares in the last quarter. Warren Averett Asset Management LLC increased its position in shares of General Electric by 7.0% in the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock valued at $2,805,000 after buying an additional 6,799 shares in the last quarter. Palouse Capital Management Inc. increased its position in shares of General Electric by 5.4% in the third quarter. Palouse Capital Management Inc. now owns 190,591 shares of the conglomerate’s stock valued at $4,608,000 after buying an additional 9,755 shares in the last quarter. Destination Wealth Management increased its position in shares of General Electric by 5.6% in the second quarter. Destination Wealth Management now owns 775,177 shares of the conglomerate’s stock valued at $20,938,000 after buying an additional 41,100 shares in the last quarter. Finally, Boston Partners increased its position in shares of General Electric by 2.5% in the third quarter. Boston Partners now owns 14,588,765 shares of the conglomerate’s stock valued at $352,756,000 after buying an additional 360,154 shares in the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.
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About General Electric
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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