Brokerages Set General Electric (NYSE:GE) Price Target at $208.73

General Electric (NYSE:GEGet Free Report) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $208.73.

A number of research analysts have recently weighed in on the company. Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased 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. UBS Group lifted their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd.

Get Our Latest Analysis on General Electric

Insider Activity at General Electric

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

Institutional Investors Weigh In On General Electric

Several hedge funds and other institutional investors have recently bought and sold shares of GE. Toth Financial Advisory Corp purchased a new stake in shares of General Electric in the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric during the third quarter worth about $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric in the 3rd quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric during the 3rd quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Price Performance

GE opened at $205.89 on Tuesday. General Electric has a 12-month low of $105.70 and a 12-month high of $207.65. The business’s fifty day simple moving average is $176.42 and its 200-day simple moving average is $175.79. The company has a market capitalization of $222.83 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 1.53 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GEGet Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, equities research analysts anticipate that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were paid a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.54%. General Electric’s payout ratio is presently 18.70%.

About General Electric

(Get Free Report

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.

Further Reading

Analyst Recommendations for General Electric (NYSE:GE)

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