General Electric (NYSE:GE) Stock Price Up 0.9% - Time to Buy?

Shares of General Electric (NYSE:GE - Get Free Report) rose 0.9% during trading on Monday . The stock traded as high as $174.63 and last traded at $173.20. Approximately 729,693 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 6,302,660 shares. The stock had previously closed at $171.70.

Analyst Upgrades and Downgrades

GE has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Sanford C. Bernstein boosted their price target on General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 14th. 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 research note on Thursday, October 3rd. UBS Group upped their target price on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Melius Research increased their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $200.93.

General Electric Price Performance

The company has a market cap of $185.89 billion, a PE ratio of 30.19, a PEG ratio of 1.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The stock's 50-day moving average is $180.21 and its 200 day moving average is $169.32.

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General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that General Electric will post 4.22 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Thursday, September 26th. General Electric's payout ratio is currently 19.68%.

Institutional Inflows and Outflows

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

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.