General Electric (NYSE:GE) Raised to Buy at Northcoast Research

General Electric (NYSE:GE - Get Free Report) was upgraded by Northcoast Research from a "neutral" rating to a "buy" rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a $205.00 price objective on the conglomerate's stock. Northcoast Research's price objective points to a potential upside of 12.88% from the stock's current price.

Other research analysts also recently issued research reports about the stock. Citigroup increased their price target on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $212.73.

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General Electric Price Performance

GE traded up $0.09 during trading on Wednesday, hitting $181.60. 6,490,484 shares of the company traded hands, compared to its average volume of 5,478,609. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $194.91 billion, a PE ratio of 30.32, a P/E/G ratio of 2.59 and a beta of 1.04. The stock's 50-day simple moving average is $198.36 and its two-hundred day simple moving average is $186.59. General Electric has a 1 year low of $146.78 and a 1 year high of $214.21.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in General Electric during the 4th quarter valued at $2,375,439,000. GAMMA Investing LLC boosted its position in General Electric by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the conglomerate's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares in the last quarter. Janus Henderson Group PLC raised its holdings in General Electric by 87.7% in the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the conglomerate's stock worth $597,412,000 after purchasing an additional 1,673,365 shares in the last quarter. Invesco Ltd. lifted its position in shares of General Electric by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the conglomerate's stock valued at $1,591,970,000 after buying an additional 1,204,910 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of General Electric in the 4th quarter valued at about $194,208,000. 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.