General Electric (NYSE:GE) PT Raised to $102.00

General Electric (NYSE:GE – Get Rating) had its price objective raised by Oppenheimer from $98.00 to $102.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s price target points to a potential upside of 13.64% from the stock’s current price. Oppenheimer also issued estimates for General Electric’s FY2025 earnings at $5.45 EPS.

Other analysts have also issued reports about the stock. Argus upped their price target on shares of General Electric from $85.00 to $90.00 in a research report on Tuesday, January 31st. The Goldman Sachs Group upped their price target on shares of General Electric from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday. TheStreet raised shares of General Electric from a “c” rating to a “b-” rating in a research report on Friday, February 10th. Barclays upped their price target on shares of General Electric from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Finally, UBS Group dropped their price target on shares of General Electric from $98.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, January 12th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and an average price target of $93.14.

General Electric Stock Performance

Shares of GE opened at $89.76 on Tuesday. General Electric has a 12 month low of $46.55 and a 12 month high of $94.94. The firm has a fifty day simple moving average of $82.34 and a 200 day simple moving average of $78.54. The stock has a market capitalization of $97.77 billion, a price-to-earnings ratio of -2,992.00, a PEG ratio of 6.66 and a beta of 1.25. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76.

General Electric (NYSE:GE – Get Rating) last announced its earnings results on Tuesday, January 24th. The conglomerate reported $1.24 EPS for the quarter, topping the consensus estimate of $1.11 by $0.13. General Electric had a net margin of 0.29% and a return on equity of 8.47%. The business had revenue of $21.79 billion during the quarter, compared to analysts’ expectations of $22.11 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Research analysts forecast that General Electric will post 1.95 EPS for the current fiscal year.

Hedge Funds Weigh In On General Electric

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in General Electric by 0.7% during the third quarter. Vanguard Group Inc. now owns 86,108,801 shares of the conglomerate’s stock worth $5,330,997,000 after buying an additional 625,757 shares in the last quarter. FMR LLC grew its stake in General Electric by 8.4% during the second quarter. FMR LLC now owns 66,963,503 shares of the conglomerate’s stock worth $4,263,567,000 after buying an additional 5,197,786 shares in the last quarter. Dodge & Cox boosted its stake in shares of General Electric by 178.6% in the 2nd quarter. Dodge & Cox now owns 28,966,680 shares of the conglomerate’s stock valued at $1,844,309,000 after purchasing an additional 18,569,368 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of General Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 18,952,831 shares of the conglomerate’s stock valued at $1,584,662,000 after purchasing an additional 345,740 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of General Electric by 5.6% in the 3rd quarter. Pzena Investment Management LLC now owns 13,761,615 shares of the conglomerate’s stock valued at $851,982,000 after purchasing an additional 725,871 shares in the last quarter. 70.12% of the stock is owned by institutional investors.

General Electric Company Profile

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General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.