General Electric (NYSE:GE – Get Free Report) reached a new 52-week high on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $210.00 to $212.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. General Electric traded as high as $189.15 and last traded at $188.85, with a volume of 313108 shares. The stock had previously closed at $187.43.
A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Barclays lifted their price target on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Royal Bank of Canada increased their price objective on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. UBS Group boosted their target price on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Wells Fargo & Company increased 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $191.36.
Get Our Latest Stock Report on General Electric
Hedge Funds Weigh In On General Electric
General Electric Trading Up 0.7 %
The firm has a market capitalization of $206.60 billion, a price-to-earnings ratio of 61.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The business’s fifty day moving average is $168.69 and its 200 day moving average is $170.57. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95.
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 the consensus estimate of $0.99 by $0.21. The firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Equities analysts predict that General Electric will post 4.2 earnings per share for the current year.
General Electric Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, September 26th. 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.
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