General Electric (NYSE:GE) Now Covered by Analysts at Redburn Atlantic

Analysts at Redburn Atlantic initiated coverage on shares of General Electric (NYSE:GE - Get Free Report) in a report released on Tuesday, MarketBeat.com reports. The brokerage set a "buy" rating and a $250.00 price target on the conglomerate's stock. Redburn Atlantic's price objective would indicate a potential upside of 25.06% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Melius Research upped their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, General Electric has an average rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Price Performance

Shares of NYSE GE traded down $8.84 during mid-day trading on Tuesday, reaching $199.90. 5,410,517 shares of the company traded hands, compared to its average volume of 5,419,847. General Electric has a fifty-two week low of $119.88 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market cap of $214.55 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.62 and a beta of 1.22. The stock has a fifty day simple moving average of $186.57 and a 200-day simple moving average of $180.72.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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%. Equities research analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

Institutional Trading of General Electric

Hedge funds and other institutional investors have recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new stake in shares of General Electric during the third quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric during the third quarter worth $27,000. New Age Alpha Advisors LLC raised its holdings 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 acquiring an additional 84 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in General Electric in the third quarter worth approximately $28,000. 74.77% of the stock is currently 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.