General Electric (NYSE:GE) Price Target Raised to $212.00

General Electric (NYSE:GE - Get Free Report) had its price target lifted by analysts at Wells Fargo & Company from $203.00 to $212.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the conglomerate's stock. Wells Fargo & Company's price target indicates a potential upside of 16.56% from the company's current price.

GE has been the subject of a number of other reports. Northcoast Research raised shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

General Electric Price Performance

NYSE:GE traded down $0.57 during trading hours on Tuesday, hitting $181.88. 4,927,432 shares of the stock traded hands, compared to its average volume of 5,453,364. The company has a market cap of $195.21 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a 1 year low of $146.78 and a 1 year high of $214.21. The stock has a 50 day moving average price of $196.66 and a 200 day moving average price of $186.53. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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

Institutional Trading of General Electric

A number of hedge funds and other institutional investors have recently modified their holdings of GE. New Age Alpha Advisors LLC grew its position in shares of General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in General Electric during the 4th quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of General Electric during the fourth quarter worth about $28,000. Putney Financial Group LLC acquired a new position in General Electric in the fourth quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Electric in the fourth quarter valued at about $29,000. 74.77% of the stock is owned by hedge funds and other 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.