Analysts Set General Electric (NYSE:GE) Target Price at $201.47

Shares of General Electric (NYSE:GE) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $201.47.

Several brokerages have commented on GE. Citigroup raised their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Royal Bank of Canada dropped their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Bank of America upped their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Northcoast Research started coverage on shares of General Electric in a research note on Tuesday. They set a “neutral” rating for the company.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GE. Legacy Private Trust Co. raised its holdings in General Electric by 16.5% in the 4th quarter. Legacy Private Trust Co. now owns 22,660 shares of the conglomerate’s stock worth $3,779,000 after purchasing an additional 3,206 shares during the period. First Hawaiian Bank raised its stake in shares of General Electric by 2.2% in the fourth quarter. First Hawaiian Bank now owns 19,643 shares of the conglomerate’s stock worth $3,276,000 after buying an additional 431 shares during the period. Fulton Bank N.A. lifted its position in shares of General Electric by 217.4% during the 4th quarter. Fulton Bank N.A. now owns 5,888 shares of the conglomerate’s stock valued at $982,000 after buying an additional 4,033 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in shares of General Electric during the 4th quarter valued at approximately $209,000. Finally, Diversified Trust Co increased its holdings in General Electric by 32.1% in the 4th quarter. Diversified Trust Co now owns 27,689 shares of the conglomerate’s stock worth $4,618,000 after acquiring an additional 6,729 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Trading Up 0.3 %

NYSE GE opened at $172.85 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a fifty-two week low of $100.95 and a fifty-two week high of $194.80. The stock has a market cap of $187.07 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The stock has a 50 day simple moving average of $174.34 and a two-hundred day simple moving average of $173.28.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts forecast that General Electric will post 4.24 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric’s dividend payout ratio is presently 19.68%.

About General Electric

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.