General Electric (NYSE:GE) Given Consensus Recommendation of “Moderate Buy” by Analysts

General Electric (NYSE:GE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $190.38.

A number of analysts have recently commented on GE shares. Wells Fargo & Company boosted their price objective on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, June 10th. StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. UBS Group boosted their price target on General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Finally, Jefferies Financial Group boosted their price target on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, June 28th.

Hedge Funds Weigh In On General Electric

Large investors have recently modified their holdings of the business. USA Financial Formulas lifted its stake in shares of General Electric by 24,042.9% in the 4th quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate’s stock valued at $1,294,000 after purchasing an additional 10,098 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of General Electric by 2.7% in the 4th quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock valued at $28,821,000 after purchasing an additional 5,997 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of General Electric by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,184,772 shares of the conglomerate’s stock valued at $534,123,000 after purchasing an additional 318,245 shares during the last quarter. Vanguard Group Inc. lifted its stake in General Electric by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock worth $11,288,136,000 after acquiring an additional 550,996 shares in the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in General Electric during the 4th quarter worth about $3,959,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 0.6 %

General Electric stock opened at $174.62 on Friday. The stock has a market capitalization of $191.14 billion, a PE ratio of 57.25, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. General Electric has a 12 month low of $84.42 and a 12 month high of $177.20. The business has a 50 day simple moving average of $164.98 and a 200-day simple moving average of $162.28. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. On average, analysts anticipate that General Electric will post 4.15 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, July 11th. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

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.