General Electric (NYSE:GE) PT Lowered to $180.00

General Electric (NYSE:GE) had its price target reduced by stock analysts at Jefferies Financial Group from $195.00 to $180.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 14.16% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. StockNews.com initiated coverage on General Electric in a report on Friday, April 5th. They issued a “hold” rating on the stock. Barclays cut their price target on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Bank of America cut their price target on General Electric from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Monday. The Goldman Sachs Group started coverage on General Electric in a research note on Tuesday. They issued a “buy” rating and a $190.00 price target for the company. Finally, Oppenheimer reiterated a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.67.

General Electric Price Performance

Shares of General Electric stock opened at $157.68 on Wednesday. General Electric has a one year low of $93.47 and a one year high of $180.36. The stock’s fifty day moving average is $157.46 and its 200 day moving average is $132.58. The stock has a market cap of $172.39 billion, a P/E ratio of 18.84, a P/E/G ratio of 2.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company had revenue of $19.42 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same period last year, the firm earned $1.24 EPS. General Electric’s revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts anticipate that General Electric will post 4.61 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On General Electric

Several large investors have recently added to or reduced their stakes in the stock. Rheos Capital Works Inc. increased its stake in General Electric by 119.9% during the first quarter. Rheos Capital Works Inc. now owns 183,400 shares of the conglomerate’s stock worth $32,192,000 after acquiring an additional 100,000 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of General Electric by 15.6% during the first quarter. Ballentine Partners LLC now owns 16,249 shares of the conglomerate’s stock valued at $2,852,000 after buying an additional 2,189 shares during the period. Compton Wealth Advisory Group LLC purchased a new position in shares of General Electric during the first quarter valued at approximately $3,426,000. Cooper Financial Group purchased a new position in shares of General Electric during the first quarter valued at approximately $235,000. Finally, O Keefe Stevens Advisory Inc. purchased a new position in shares of General Electric during the first quarter valued at approximately $216,000. 74.77% of the stock is owned by institutional investors.

About General Electric

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.