General Electric (NYSE:GE) Price Target Raised to $186.00

General Electric (NYSE:GE - Get Free Report) had its price objective lifted by Citigroup from $120.43 to $186.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the conglomerate's stock. Citigroup's target price indicates a potential upside of 15.34% from the company's current price.

A number of other brokerages also recently issued reports on GE. Jefferies Financial Group cut their price objective on shares of General Electric from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $210.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, April 3rd. Bank of America increased their price objective on shares of General Electric from $165.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday. StockNews.com started coverage on shares of General Electric in a report on Sunday. They set a "hold" rating for the company. Finally, Argus increased their price objective on shares of General Electric from $170.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $170.00.

General Electric Stock Up 1.3 %

NYSE GE traded up $2.07 during mid-day trading on Thursday, reaching $161.26. The stock had a trading volume of 5,515,880 shares, compared to its average volume of 8,135,719. General Electric has a 1 year low of $76.87 and a 1 year high of $163.65. The stock has a market cap of $176.30 billion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29. The company has a fifty day moving average price of $160.20 and a 200 day moving average price of $135.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm's revenue was up 11.1% on a year-over-year basis. On average, research analysts expect that General Electric will post 3.95 earnings per share for the current year.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 13,601 shares of the firm'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 transaction of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares of the company's stock, valued at $6,552,351.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm's 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 sale, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the firm'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 transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares of the company's stock, valued at $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

Institutional Investors Weigh In On General Electric

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of General Electric during the fourth quarter worth $1,193,159,000. WCM Investment Management LLC acquired a new position in General Electric during the fourth quarter valued at $520,488,000. Brown Advisory Inc. lifted its position in General Electric by 265.7% during the third quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate's stock valued at $332,581,000 after purchasing an additional 2,185,793 shares during the period. Lone Pine Capital LLC acquired a new position in General Electric during the fourth quarter valued at $268,519,000. Finally, International Assets Investment Management LLC lifted its position in General Electric by 11,947.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate's stock valued at $201,218,000 after purchasing an additional 1,563,484 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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