General Electric (NYSE:GE) Stock Price Up 1.5% - Still a Buy?

Shares of General Electric (NYSE:GE - Get Free Report) rose 1.5% during mid-day trading on Tuesday . The company traded as high as $174.43 and last traded at $174.26. Approximately 603,848 shares were traded during trading, a decline of 90% from the average daily volume of 6,292,235 shares. The stock had previously closed at $171.76.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GE. UBS Group boosted their target price on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Citigroup boosted their target price on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Bank of America boosted their target price on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their target price on General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.93.

General Electric Trading Up 2.0 %

The stock's fifty day moving average price is $180.29 and its 200 day moving average price is $169.51. 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 stock has a market cap of $189.68 billion, a P/E ratio of 30.80, a PEG ratio of 1.70 and a beta of 1.19.

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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, topping 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 quarter in the previous year, the firm earned $0.82 EPS. General Electric's revenue was up 5.8% on a year-over-year basis. Equities research analysts expect that General Electric will post 4.22 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, September 26th. General Electric's dividend payout ratio (DPR) is 19.68%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tsfg LLC raised its holdings in General Electric by 12.8% during the 3rd quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after buying an additional 55 shares during the period. Macroview Investment Management LLC grew its position in shares of General Electric by 37.9% during the 2nd quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate's stock worth $34,000 after buying an additional 58 shares in the last quarter. Strategic Advisors LLC grew its position in shares of General Electric by 2.6% during the 3rd quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock worth $428,000 after buying an additional 58 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of General Electric by 1.0% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock worth $1,188,000 after buying an additional 60 shares in the last quarter. Finally, Allegheny Financial Group LTD grew its position in shares of General Electric by 1.4% during the 2nd quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate's stock worth $714,000 after buying an additional 61 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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.