General Electric (NYSE:GE) Receives $211.31 Average Price Target from Brokerages

General Electric (NYSE:GE - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $211.31.

Several equities research analysts have issued reports on GE shares. Citigroup lifted their price target on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th.

General Electric Price Performance

General Electric stock traded up $0.06 during midday trading on Wednesday, hitting $203.99. 7,960,224 shares of the company's stock were exchanged, compared to its average volume of 5,362,304. General Electric has a 52-week low of $133.99 and a 52-week high of $212.19. The stock has a 50-day moving average price of $198.63 and a two-hundred day moving average price of $184.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market cap of $218.94 billion, a P/E ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19.

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General Electric (NYSE:GE - Get Free Report) last posted its earnings results 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, equities research analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is currently 24.04%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. New Age Alpha Advisors LLC lifted its position in General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after buying an additional 84 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in General Electric during the third quarter valued at $30,000. Hager Investment Management Services LLC purchased a new position in General Electric during the fourth quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in General Electric during the fourth quarter valued at $28,000. Finally, Putney Financial Group LLC purchased a new position in General Electric during the fourth quarter valued at $28,000. 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.