General Electric (NYSE:GE – Get Free Report)’s stock price was up 0.8% on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $212.00 to $235.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. General Electric traded as high as $187.05 and last traded at $185.29. Approximately 855,733 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 6,495,026 shares. The stock had previously closed at $183.89.
Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price target on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Barclays upped their price objective on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average target price of $193.00.
View Our Latest Stock Report on General Electric
Hedge Funds Weigh In On General Electric
General Electric Stock Up 1.7 %
The firm has a 50-day moving average of $173.52 and a two-hundred day moving average of $166.12. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $204.78 billion, a PE ratio of 61.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18.
General Electric (NYSE:GE – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The business had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the firm earned $0.68 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that General Electric will post 4.2 earnings per share for the current fiscal year.
General Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. General Electric’s dividend payout ratio (DPR) is presently 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.
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