Deutsche Bank Aktiengesellschaft Boosts General Electric (NYSE:GE) Price Target to $235.00

General Electric (NYSE:GE) had its price objective hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $212.00 to $235.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 26.06% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein assumed coverage on shares of General Electric in a report on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 price target on the stock. UBS Group upped their target price on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Barclays increased their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company lifted their price objective on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group raised their target price on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

General Electric Stock Up 0.1 %

Shares of GE opened at $186.42 on Thursday. General Electric has a 52 week low of $84.42 and a 52 week high of $190.88. The firm has a market capitalization of $204.06 billion, a P/E ratio of 61.12, a P/E/G ratio of 1.87 and a beta of 1.18. The company has a 50-day simple moving average of $172.79 and a 200-day simple moving average of $169.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating the consensus estimate of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that General Electric will post 4.2 earnings per share for the current year.

Institutional Trading of General Electric

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC bought a new position in General Electric in the fourth quarter valued at about $239,000. CIBC Private Wealth Group LLC grew its position in shares of General Electric by 3.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 77,992 shares of the conglomerate’s stock worth $9,954,000 after buying an additional 2,400 shares during the period. Cetera Advisor Networks LLC grew its position in shares of General Electric by 8.1% during the 4th quarter. Cetera Advisor Networks LLC now owns 101,126 shares of the conglomerate’s stock worth $12,907,000 after buying an additional 7,567 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of General Electric by 79.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 163,177 shares of the conglomerate’s stock worth $20,826,000 after buying an additional 72,445 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in General Electric by 1.3% in the fourth quarter. Gabelli Funds LLC now owns 53,450 shares of the conglomerate’s stock valued at $6,822,000 after buying an additional 675 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

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.