General Electric (NYSE:GE) has been given a $18.00 target price by stock analysts at Stifel Nicolaus in a report issued on Monday. The firm currently has a “neutral” rating on the conglomerate’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 1.67% from the stock’s current price.

GE has been the subject of several other reports. Morgan Stanley cut shares of General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 target price for the company. in a research report on Monday, October 23rd. J P Morgan Chase & Co reaffirmed an “underweight” rating on shares of General Electric in a research report on Thursday, September 21st. Vetr raised shares of General Electric from a “sell” rating to a “hold” rating and set a $21.74 target price for the company in a research report on Monday, October 23rd. Argus dropped their target price on shares of General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 18th. Finally, Goldman Sachs Group set a $23.00 target price on shares of General Electric and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric presently has a consensus rating of “Hold” and an average price target of $23.39.

Shares of General Electric (GE) traded down $0.01 during trading on Monday, reaching $17.71. 25,132,263 shares of the company’s stock were exchanged, compared to its average volume of 45,194,363. The company has a market cap of $153,582.61, a price-to-earnings ratio of 14.28, a PEG ratio of 1.92 and a beta of 1.06. General Electric has a 1-year low of $17.46 and a 1-year high of $32.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. General Electric’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. sell-side analysts expect that General Electric will post 1.07 earnings per share for the current year.

In other General Electric news, Chairman John Leonard Flannery purchased 60,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the transaction, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francisco Dsouza purchased 55,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GE. Vanguard Group Inc. grew its stake in shares of General Electric by 0.6% in the second quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock worth $16,212,445,000 after acquiring an additional 3,297,890 shares during the period. BlackRock Inc. grew its stake in shares of General Electric by 3.9% in the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock worth $13,972,691,000 after acquiring an additional 19,422,516 shares during the period. Capital World Investors grew its stake in shares of General Electric by 8.6% in the second quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock worth $3,817,125,000 after acquiring an additional 11,194,678 shares during the period. Capital Research Global Investors grew its stake in shares of General Electric by 18.6% in the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock worth $2,463,459,000 after acquiring an additional 14,316,281 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of General Electric by 43.8% in the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock worth $2,107,438,000 after acquiring an additional 23,764,129 shares during the period. 55.74% of the stock is owned by institutional investors.

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