General Electric Company (GE) Given Average Rating of “Hold” by Brokerages
Shares of General Electric Company (NYSE:GE) have earned a consensus rating of “Hold” from the twenty-three research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $31.50.
A number of research analysts have commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 price objective on shares of General Electric Company in a research report on Monday, March 6th. Vetr lowered General Electric Company from a “strong-buy” rating to a “buy” rating and set a $33.56 price objective on the stock. in a research report on Tuesday, April 4th. Sanford C. Bernstein set a $38.00 price objective on General Electric Company and gave the company a “buy” rating in a research report on Friday, February 24th. Deutsche Bank AG reiterated a “neutral” rating and issued a $28.00 price objective on shares of General Electric Company in a research report on Wednesday, April 5th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $34.00 price objective on shares of General Electric Company in a research report on Tuesday, April 11th.
General Electric Company (NYSE GE) traded up 0.07% during mid-day trading on Friday, hitting $27.57. The stock had a trading volume of 31,736,487 shares. The stock has a 50 day moving average of $28.27 and a 200-day moving average of $29.84. The firm has a market cap of $239.42 billion, a P/E ratio of 28.08 and a beta of 1.25. General Electric Company has a 1-year low of $27.10 and a 1-year high of $33.00.
General Electric Company (NYSE:GE) last announced its quarterly earnings data on Friday, April 21st. The conglomerate reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $27.66 billion for the quarter, compared to analyst estimates of $26.37 billion. General Electric Company had a return on equity of 16.59% and a net margin of 7.48%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Analysts predict that General Electric Company will post $1.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Monday, June 19th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, June 15th. General Electric Company’s payout ratio is currently 97.96%.
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In other General Electric Company news, Director William G. Beattie purchased 4,000 shares of General Electric Company stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $27.70 per share, for a total transaction of $110,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marijn E. Dekkers purchased 20,000 shares of General Electric Company stock in a transaction that occurred on Monday, April 24th. The shares were acquired at an average price of $29.90 per share, with a total value of $598,000.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $29,900. The disclosure for this purchase can be found here. Insiders have purchased 140,000 shares of company stock valued at $3,964,600 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Wrapmanager Inc. boosted its position in General Electric Company by 2.8% in the fourth quarter. Wrapmanager Inc. now owns 9,687 shares of the conglomerate’s stock worth $306,000 after buying an additional 268 shares during the last quarter. Massey Quick & Co. LLC purchased a new stake in shares of General Electric Company during the fourth quarter worth about $678,000. Headinvest LLC purchased a new stake in shares of General Electric Company during the fourth quarter worth about $1,414,000. Cascade Investment Advisors Inc. purchased a new stake in shares of General Electric Company during the fourth quarter worth about $204,000. Finally, REDW Stanley Financial Advisors LLC purchased a new stake in shares of General Electric Company during the fourth quarter worth about $435,000. Institutional investors and hedge funds own 55.06% of the company’s stock.
General Electric Company Company Profile
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