General Electric (NYSE:GE) PT Raised to $212.00

General Electric (NYSE:GE) had its price target raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $210.00 to $212.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 13.04% from the company’s current price.

A number of other research analysts also recently weighed in on GE. Sanford C. Bernstein initiated coverage on General Electric in a research note on Tuesday, September 10th. They set an “outperform” rating and a $201.00 price target on the stock. Royal Bank of Canada upped their target price on General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. UBS Group increased their target price on General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Wells Fargo & Company boosted their price target on shares of General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group raised their price objective on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.36.

General Electric Trading Up 0.7 %

Shares of NYSE:GE traded up $1.38 during mid-day trading on Friday, reaching $187.54. 2,512,184 shares of the company’s stock were exchanged, compared to its average volume of 6,606,442. 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 has a twelve month low of $84.42 and a twelve month high of $187.99. The firm has a market capitalization of $205.28 billion, a price-to-earnings ratio of 61.49, a PEG ratio of 1.65 and a beta of 1.18. The business’s fifty day moving average price is $168.12 and its 200-day moving average price is $171.06.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Studio Investment Management LLC grew its position in shares of General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in General Electric during the second quarter worth about $31,000. Richardson Financial Services Inc. bought a new position in General Electric in the 1st quarter worth about $34,000. Financial Connections Group Inc. purchased a new stake in shares of General Electric in the 2nd quarter valued at about $32,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of General Electric during the first quarter worth about $37,000. Institutional investors 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.