A number of firms have modified their ratings and price targets on shares of General Electric (NYSE: GE) recently:

  • 9/21/2016 – General Electric was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “General Electric is actively restructuring its portfolio by divesting most of the GE Capital assets in order to redefine itself as a core industrial entity with digital edge as exemplified by Meridium deal. The strategic acquisitions in 3D printing business will further boost its existing material science and additive manufacturing capabilities as it expects to grow the new additive business to $1 billion by 2020 at attractive returns. The company has a positive earnings history in the trailing four quarters, beating estimates thrice.  Earnings estimates have also remained steady in the last week. However, despite prudent steps to limit financial exposure, it is still susceptible to various market risks following the Brexit referendum. In addition, decline in oil prices have significantly impacted profitability and have undermined its growth potential to some extent. Significant order backlog and foreign currency volatility remain other headwinds.”
  • 9/19/2016 – General Electric was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $30.83 price target on the stock.
  • 9/13/2016 – General Electric was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “General Electric is actively restructuring its portfolio by divesting most of the GE Capital assets in order to redefine itself as a core industrial entity. In order to augment its revenues, the company has also initiated steps to supplement its digital presence in Europe and foster growth of the industrial ecosystem for the continent’s overall development. The strategic acquisitions in 3D printing business will further boost its existing material science and additive manufacturing capabilities as it expects to grow the new additive business to $1 billion by 2020 at attractive returns. The company has a positive earnings history in the trailing four quarters, beating estimates thrice.  Earnings estimates have also remained steady in the last week. However, despite prudent steps to limit financial exposure, it is still susceptible to various market risks. Significant order backlog and international exposure remain other headwinds.”
  • 9/8/2016 – General Electric was given a new $34.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 9/8/2016 – General Electric was given a new $38.00 price target on by analysts at William Blair. They now have a “buy” rating on the stock.
  • 8/31/2016 – General Electric was given a new $32.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 8/25/2016 – General Electric had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $29.00 price target on the stock.
  • 8/23/2016 – General Electric had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 8/11/2016 – General Electric had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $26.00 price target on the stock.
  • 8/5/2016 – General Electric had its “sell” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $26.00 price target on the stock.
  • 7/27/2016 – General Electric had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 7/26/2016 – General Electric had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $34.00 price target on the stock.
  • 7/26/2016 – General Electric had its “buy” rating reaffirmed by analysts at Argus. They now have a $36.00 price target on the stock.
  • 7/25/2016 – General Electric was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $30.96 price target on the stock.
  • 7/25/2016 – General Electric had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $36.00 price target on the stock.
  • 7/25/2016 – General Electric had its price target raised by analysts at Goldman Sachs Group Inc. from $29.00 to $30.00. They now have a “neutral” rating on the stock.
  • 7/25/2016 – General Electric was given a new $26.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “sell” rating on the stock.
  • 7/25/2016 – General Electric had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock.

Shares of General Electric Co. (NYSE:GE) remained flat at $29.67 during midday trading on Wednesday. 9,261,448 shares of the stock traded hands. The stock has a 50 day moving average price of $30.91 and a 200 day moving average price of $30.84. General Electric Co. has a 52 week low of $24.26 and a 52 week high of $33.00. The stock has a market capitalization of $265.88 billion, a price-to-earnings ratio of 25.08 and a beta of 1.11.

General Electric (NYSE:GE) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $33.49 million for the quarter, compared to analysts’ expectations of $31.76 billion. General Electric had a return on equity of 15.04% and a net margin of 9.14%. General Electric’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Equities research analysts anticipate that General Electric Co. will post $1.51 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Monday, September 19th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, September 15th. General Electric’s dividend payout ratio is presently 77.97%.

In other news, Chairman Jeffrey R. Immelt acquired 50,000 shares of the stock in a transaction dated Tuesday, July 26th. The shares were acquired at an average cost of $31.45 per share, for a total transaction of $1,572,500.00. Following the completion of the transaction, the chairman now owns 2,198,688 shares in the company, valued at approximately $69,148,737.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

5 Day Chart for NYSE:GE

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