General Electric Company (NYSE:GE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a note issued to investors on Friday. They presently have a $31.00 target price on the conglomerate’s stock. Royal Bank Of Canada’s price target points to a potential upside of 29.54% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on GE. Cowen and Company restated a “hold” rating and issued a $24.00 price objective on shares of General Electric in a research report on Monday, August 7th. Stifel Nicolaus restated a “buy” rating on shares of General Electric in a research report on Wednesday, June 14th. Deutsche Bank AG restated a “sell” rating and issued a $21.00 price objective (down previously from $24.00) on shares of General Electric in a research report on Monday. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price objective for the company. in a research report on Wednesday. Finally, BidaskClub cut shares of General Electric from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.42.

General Electric (GE) traded down 0.37% on Friday, hitting $23.93. 66,559,977 shares of the stock traded hands. General Electric has a 12-month low of $23.58 and a 12-month high of $32.38. The stock has a market cap of $207.18 billion, a P/E ratio of 29.15 and a beta of 1.22. The stock has a 50-day moving average price of $24.82 and a 200 day moving average price of $27.58.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $29.56 billion during the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. On average, equities analysts expect that General Electric will post $1.56 EPS for the current fiscal year.

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In related news, insider Alexander Dimitrief purchased 1,845 shares of the business’s stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $25.54 per share, with a total value of $47,121.30. Following the completion of the purchase, the insider now owns 65,597 shares in the company, valued at approximately $1,675,347.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of General Electric stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total transaction of $633,375.45. Following the completion of the transaction, the insider now directly owns 175,717 shares in the company, valued at approximately $4,507,141.05. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 233,253 shares of company stock worth $5,860,264. Insiders own 0.36% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Peak Financial Management Inc. lifted its stake in General Electric by 0.3% in the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after buying an additional 25 shares in the last quarter. BerganKDV Wealth Management LLC lifted its stake in General Electric by 0.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock valued at $319,000 after buying an additional 36 shares in the last quarter. Puplava Financial Services Inc. lifted its stake in General Electric by 0.4% in the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after buying an additional 41 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in General Electric by 0.5% in the second quarter. Financial Management Professionals Inc. now owns 8,721 shares of the conglomerate’s stock valued at $274,000 after buying an additional 46 shares in the last quarter. Finally, Barry Investment Advisors LLC lifted its stake in General Electric by 0.7% in the third quarter. Barry Investment Advisors LLC now owns 6,919 shares of the conglomerate’s stock valued at $205,000 after buying an additional 48 shares in the last quarter. 54.78% of the stock is currently owned by hedge funds and other institutional investors.

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