General Electric (NYSE:GE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of General Electric (NYSE:GEGet Free Report) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $148.08.

A number of brokerages have weighed in on GE. JPMorgan Chase & Co. decreased their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Citigroup raised their target price on shares of General Electric from $135.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Royal Bank of Canada raised their target price on shares of General Electric from $148.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group raised their target price on shares of General Electric from $180.00 to $195.00 in a research note on Monday, March 11th.

View Our Latest Research Report on GE

General Electric Stock Down 22.2 %

Shares of GE opened at $136.47 on Wednesday. The firm has a market cap of $149.20 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.35 and a beta of 1.29. The company’s fifty day moving average is $154.32 and its two-hundred day moving average is $130.76. General Electric has a fifty-two week low of $93.47 and a fifty-two week high of $180.36. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GEGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The company had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. General Electric’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $1.24 EPS. Analysts forecast that General Electric will post 4.57 earnings per share for the current year.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Halpern Financial Inc. boosted its stake in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the period. Aspect Partners LLC acquired a new position in General Electric during the 4th quarter valued at about $25,000. Criterion Capital Advisors LLC acquired a new position in General Electric during the 4th quarter valued at about $27,000. Dagco Inc. acquired a new position in General Electric during the 4th quarter valued at about $27,000. Finally, Hobbs Group Advisors LLC acquired a new position in General Electric during the 4th quarter valued at about $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Company Profile

(Get Free Report

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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Analyst Recommendations for General Electric (NYSE:GE)

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