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

General Electric (NYSE:GE) had its price target boosted by stock analysts at Argus from $170.00 to $180.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Argus’ target price would suggest a potential upside of 11.62% from the stock’s previous close.

A number of other research firms also recently weighed in on GE. Jefferies Financial Group decreased their target price on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company decreased their target price on General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Barclays decreased their target price on General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.00.

General Electric Trading Up 1.3 %

Shares of NYSE:GE opened at $161.26 on Wednesday. The company has a market cap of $176.30 billion, a P/E ratio of 52.87, a P/E/G ratio of 3.05 and a beta of 1.29. The stock’s 50-day moving average is $160.45 and its 200-day moving average is $135.73. General Electric has a 52-week low of $76.87 and a 52-week high of $163.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.17.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. Equities research analysts predict that General Electric will post 3.95 earnings per share for the current year.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction that occurred on 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 transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction that occurred on 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 owns 48,339 shares in the company, valued at approximately $6,552,351.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Walker Asset Management LLC lifted its stake in shares of General Electric by 1.7% in the 1st quarter. Walker Asset Management LLC now owns 4,111 shares of the conglomerate’s stock valued at $722,000 after purchasing an additional 70 shares during the period. BKM Wealth Management LLC lifted its stake in shares of General Electric by 2.6% in the 1st quarter. BKM Wealth Management LLC now owns 2,821 shares of the conglomerate’s stock valued at $495,000 after purchasing an additional 72 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of General Electric by 1.7% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock valued at $550,000 after purchasing an additional 74 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of General Electric by 1.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after purchasing an additional 75 shares during the period. Finally, Schnieders Capital Management LLC lifted its stake in shares of General Electric by 1.1% in the 1st quarter. Schnieders Capital Management LLC now owns 6,817 shares of the conglomerate’s stock valued at $1,197,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.