General Electric (NYSE:GE) PT Raised to $175.00

General Electric (NYSE:GE - Get Free Report) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $148.00 to $175.00 in a research report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the conglomerate's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 9.72% from the company's previous close.

Other research analysts also recently issued research reports about the company. TheStreet raised General Electric from a "c+" rating to a "b+" rating in a research note on Tuesday, January 23rd. Oppenheimer reaffirmed a "market perform" rating on shares of General Electric in a report on Tuesday, March 5th. Barclays cut their price target on General Electric from $181.00 to $175.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 3rd. Argus upped their price objective on General Electric from $170.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $210.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, April 3rd. Two equities 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, General Electric currently has an average rating of "Moderate Buy" and a consensus target price of $174.21.

General Electric Price Performance

NYSE:GE traded down $3.88 during trading hours on Monday, reaching $159.50. 7,763,815 shares of the company were exchanged, compared to its average volume of 7,782,091. The business has a 50 day moving average of $163.07 and a 200 day moving average of $140.35. General Electric has a 1-year low of $79.22 and a 1-year high of $170.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The company has a market capitalization of $174.59 billion, a P/E ratio of 52.30, a P/E/G ratio of 2.90 and a beta of 1.25.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. General Electric's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. Research analysts forecast that General Electric will post 3.96 EPS for the current year.

Insider Buying and Selling at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was 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 of the company's stock, valued at $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Electric

Several institutional investors have recently modified their holdings of GE. Norges Bank bought a new position in shares of General Electric in the fourth quarter worth $1,193,159,000. WCM Investment Management LLC purchased a new stake in shares of General Electric in the fourth quarter worth about $520,488,000. Lone Pine Capital LLC bought a new position in shares of General Electric in the fourth quarter valued at approximately $268,519,000. Brown Advisory Inc. lifted its stake in General Electric by 62.3% in the 4th quarter. Brown Advisory Inc. now owns 4,881,752 shares of the conglomerate's stock worth $623,058,000 after purchasing an additional 1,873,327 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of General Electric by 11,947.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate's stock worth $201,218,000 after buying an additional 1,563,484 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

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.