General Electric (NYSE:GE) PT Raised to $190.00

General Electric (NYSE:GE) had its price objective raised by stock analysts at Jefferies Financial Group from $185.00 to $190.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 19.52% from the stock’s previous close.

A number of other equities analysts also recently commented on GE. StockNews.com started coverage on shares of General Electric in a research note on Monday, April 29th. They set a “hold” rating for the company. Wells Fargo & Company raised their target price on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. UBS Group raised their price objective on shares of General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.36.

General Electric Stock Performance

GE stock opened at $158.97 on Friday. The business’s fifty day moving average is $162.36 and its 200-day moving average is $151.37. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a market cap of $174.01 billion, a P/E ratio of 52.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. General Electric has a twelve month low of $84.42 and a twelve month high of $170.80.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the prior year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that General Electric will post 3.99 EPS for the current year.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of General Electric stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the sale, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On General Electric

Institutional investors have recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC increased its stake in shares of General Electric by 29.3% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after purchasing an additional 6,419 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of General Electric by 12.5% during the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after purchasing an additional 28,985 shares during the last quarter. USA Financial Formulas increased its stake in shares of General Electric by 24,042.9% during the 4th quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate’s stock worth $1,294,000 after purchasing an additional 10,098 shares during the last quarter. Grandfield & Dodd LLC increased its stake in shares of General Electric by 9.3% during the 4th quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock worth $34,432,000 after purchasing an additional 22,998 shares during the last quarter. Finally, Rathbones Group PLC increased its stake in shares of General Electric by 2.7% during the 4th quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock worth $28,821,000 after purchasing an additional 5,997 shares during the last quarter. 74.77% of the stock is 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.