General Electric (NYSE:GE - Get Free Report) had its target price upped by Wells Fargo & Company from $203.00 to $212.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the conglomerate's stock. Wells Fargo & Company's price target suggests a potential upside of 16.56% from the stock's previous close.
A number of other brokerages have also recently commented on GE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Northcoast Research upgraded General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $213.33.
View Our Latest Analysis on General Electric
General Electric Stock Down 0.3 %
GE stock traded down $0.57 during trading on Tuesday, hitting $181.88. 4,927,432 shares of the stock traded hands, compared to its average volume of 5,453,364. The stock has a market cap of $195.21 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm's 50 day moving average is $196.12 and its two-hundred day moving average is $186.50. General Electric has a 1 year low of $146.78 and a 1 year high of $214.21.
General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, sell-side analysts anticipate that General Electric will post 5.4 EPS for the current year.
Institutional Trading of General Electric
A number of large investors have recently made changes to their positions in the business. Truvestments Capital LLC raised its position in shares of General Electric by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after purchasing an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of General Electric by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 50 shares in the last quarter. Ballast Advisors LLC boosted its stake in shares of General Electric by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock valued at $349,000 after acquiring an additional 51 shares during the last quarter. Blue Barn Wealth LLC increased its position in General Electric by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after purchasing an additional 54 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its stake in General Electric by 1.2% in the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the conglomerate's stock valued at $789,000 after purchasing an additional 54 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.
General Electric Company Profile
(
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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.
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