General Electric (NYSE:GE) Receives $200.93 Consensus PT from Analysts

General Electric (NYSE:GE - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $200.93.

A number of equities analysts recently commented on GE shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company upped their price objective on General Electric from $205.00 to $210.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Bank of America raised their price target on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd.

General Electric Trading Down 2.5 %

Shares of General Electric stock traded down $4.62 on Thursday, hitting $178.94. 3,318,854 shares of the company traded hands, compared to its average volume of 6,238,783. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company has a market cap of $193.66 billion, a PE ratio of 32.06, a PEG ratio of 1.80 and a beta of 1.19. The stock's 50 day moving average price is $181.69 and its 200-day moving average price is $170.43. General Electric has a 52 week low of $92.58 and a 52 week high of $194.80.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the company posted $0.82 EPS. General Electric's revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. General Electric's dividend payout ratio is presently 19.68%.

Insiders Place Their Bets

In other news, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GE. Studio Investment Management LLC grew its position in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in General Electric in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric in the 3rd quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in shares of General Electric during the 3rd quarter worth $27,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of General Electric during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Company Profile

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.