General Electric (NYSE:GE) Receives $201.47 Consensus Price Target from Analysts

General Electric (NYSE:GE) has received a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $201.47.

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Melius Research boosted their price target on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. UBS Group raised their price objective on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup upped their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Bank of America raised their price target on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

General Electric Trading Up 0.0 %

Shares of NYSE GE opened at $172.52 on Friday. The business’s 50 day moving average price is $174.36 and its 200-day moving average price is $173.28. General Electric has a fifty-two week low of $99.37 and a fifty-two week high of $194.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market cap of $186.72 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.63 and a beta of 1.19.

General Electric (NYSE:GE) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. On average, sell-side analysts expect that General Electric will post 4.24 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. General Electric’s dividend payout ratio is presently 19.68%.

Insider Buying and Selling

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Institutional Trading of General Electric

Large investors have recently added to or reduced their stakes in the company. Lantz Financial LLC raised its position in General Electric by 1.9% during the 2nd quarter. Lantz Financial LLC now owns 3,718 shares of the conglomerate’s stock worth $591,000 after buying an additional 70 shares during the last quarter. Founders Financial Securities LLC lifted its position in General Electric by 3.1% during the second quarter. Founders Financial Securities LLC now owns 4,176 shares of the conglomerate’s stock valued at $664,000 after purchasing an additional 125 shares during the period. Archer Investment Corp lifted its position in General Electric by 89.4% during the second quarter. Archer Investment Corp now owns 394 shares of the conglomerate’s stock valued at $63,000 after purchasing an additional 186 shares during the period. First National Trust Co grew its position in General Electric by 1.7% during the 2nd quarter. First National Trust Co now owns 3,912 shares of the conglomerate’s stock worth $622,000 after purchasing an additional 66 shares during the period. Finally, Cozad Asset Management Inc. raised its stake in shares of General Electric by 21.0% during the 2nd quarter. Cozad Asset Management Inc. now owns 1,405 shares of the conglomerate’s stock valued at $223,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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.