General Electric (NYSE:GE) had its price target boosted by Deutsche Bank from $11.00 to $12.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The firm presently has a “hold” rating on the conglomerate’s stock. Deutsche Bank’s target price would indicate a potential upside of 11.21% from the stock’s current price.
Other analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated a “buy” rating and set a $13.00 target price on shares of General Electric in a research report on Wednesday, October 30th. Zacks Investment Research raised General Electric from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Friday, November 1st. Credit Suisse Group restated a “neutral” rating and set a $11.00 price target on shares of General Electric in a research note on Tuesday. JPMorgan Chase & Co. set a $5.00 price target on General Electric and gave the stock an “underweight” rating in a research note on Friday, November 1st. Finally, ValuEngine lowered General Electric from a “hold” rating to a “sell” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.42.
NYSE GE opened at $10.79 on Wednesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.84 and a quick ratio of 1.60. The firm’s fifty day moving average price is $10.55 and its 200 day moving average price is $9.77. The company has a market capitalization of $94.23 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17. General Electric has a 12 month low of $6.66 and a 12 month high of $11.84.
General Electric (NYSE:GE) last announced its quarterly earnings results on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. General Electric had a negative net margin of 4.39% and a positive return on equity of 11.69%. The firm had revenue of $23.36 billion during the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the company earned $0.14 earnings per share. General Electric’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that General Electric will post 0.61 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Ashburton Jersey Ltd acquired a new stake in General Electric in the second quarter valued at about $25,000. Venturi Wealth Management LLC purchased a new position in shares of General Electric during the 3rd quarter worth approximately $25,000. Employers Holdings Inc. purchased a new position in shares of General Electric during the 2nd quarter worth approximately $28,000. Fusion Family Wealth LLC lifted its holdings in shares of General Electric by 10,516.0% in the 2nd quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock valued at $28,000 after buying an additional 2,629 shares during the period. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of General Electric by 307,700.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock valued at $32,000 after buying an additional 3,077 shares during the period. 60.22% of the stock is owned by institutional investors and hedge funds.
About General Electric
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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