General Electric (NYSE:GE) Given Average Recommendation of "Buy" by Brokerages

General Electric (NYSE:GE - Get Free Report) has earned an average recommendation of "Buy" from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $213.33.

Several equities analysts recently commented on GE shares. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price objective on General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a research report on Tuesday. Redburn Atlantic started coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in General Electric by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate's stock valued at $14,980,297,000 after buying an additional 410,172 shares during the last quarter. FMR LLC lifted its position in General Electric by 1.5% during the 4th quarter. FMR LLC now owns 66,823,968 shares of the conglomerate's stock valued at $11,145,570,000 after purchasing an additional 965,012 shares during the period. Geode Capital Management LLC boosted its stake in shares of General Electric by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 23,117,418 shares of the conglomerate's stock valued at $3,846,587,000 after purchasing an additional 529,457 shares during the last quarter. Norges Bank acquired a new stake in shares of General Electric during the 4th quarter worth approximately $2,375,439,000. Finally, Northern Trust Corp raised its stake in shares of General Electric by 5.8% during the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the conglomerate's stock worth $1,675,717,000 after buying an additional 553,104 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Remove Ads

General Electric Stock Performance

Shares of General Electric stock traded up $0.49 on Friday, reaching $186.49. The stock had a trading volume of 2,435,548 shares, compared to its average volume of 5,460,908. 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 business's 50-day moving average price is $197.99 and its two-hundred day moving average price is $186.61. The stock has a market cap of $200.16 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a fifty-two week low of $146.78 and a fifty-two week high of $214.21.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.77%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is currently 24.04%.

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.