General Electric (GE) Given a $14.00 Price Target by Goldman Sachs Analysts

Goldman Sachs set a $14.00 target price on General Electric (NYSE:GE) in a report published on Monday. The brokerage currently has a hold rating on the conglomerate’s stock.

A number of other brokerages have also recently weighed in on GE. Vetr cut shares of General Electric from a strong-buy rating to a buy rating and set a $21.08 target price on the stock. in a report on Wednesday, January 10th. JPMorgan Chase reissued a sell rating and set a target price on shares of General Electric in a report on Monday, January 15th. Deutsche Bank reissued a sell rating and set a $15.00 target price on shares of General Electric in a report on Wednesday, January 17th. Vertical Research set a $18.00 target price on shares of General Electric and gave the stock a hold rating in a report on Tuesday, January 16th. Finally, Tigress Financial reissued a hold rating on shares of General Electric in a report on Thursday, December 28th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $17.86.

How to Become a New Pot Stock Millionaire

GE opened at $13.33 on Monday. The firm has a market capitalization of $117,127.95, a P/E ratio of 12.70, a P/E/G ratio of 2.62 and a beta of 1.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87. General Electric has a 12-month low of $12.73 and a 12-month high of $30.54.

General Electric (NYSE:GE) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company 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 11.60%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. equities research analysts anticipate that General Electric will post 0.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.60%. General Electric’s dividend payout ratio is currently 45.71%.

In other news, insider Alexander Dimitrief purchased 2,689 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.12% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. grew its position in General Electric by 0.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after buying an additional 67 shares in the last quarter. NorthRock Partners LLC grew its position in General Electric by 0.9% in the 2nd quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after buying an additional 80 shares in the last quarter. Shapiro Capital Management LLC grew its position in General Electric by 0.8% in the 2nd quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock valued at $510,000 after buying an additional 147 shares in the last quarter. CFO4Life Group LLC grew its position in General Electric by 0.9% in the 2nd quarter. CFO4Life Group LLC now owns 16,610 shares of the conglomerate’s stock valued at $449,000 after buying an additional 152 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in General Electric by 0.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 54,208 shares of the conglomerate’s stock valued at $1,464,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/17/general-electric-ge-given-a-14-00-price-target-by-goldman-sachs-analysts.html.

About General Electric

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

Analyst Recommendations for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply