General Electric (NYSE:GE) has been given a $15.00 target price by research analysts at Deutsche Bank in a report released on Wednesday. The brokerage presently has a “sell” rating on the conglomerate’s stock. Deutsche Bank’s price target indicates a potential downside of 17.63% from the stock’s current price.

A number of other brokerages also recently weighed in on GE. Vetr downgraded shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 price objective on the stock. in a research report on Monday, September 25th. Credit Suisse Group reaffirmed an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of General Electric in a report on Thursday, October 5th. JPMorgan Chase & Co. set a $22.00 target price on shares of General Electric and gave the company a “sell” rating in a report on Tuesday, September 19th. Morgan Stanley reduced their target price on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, October 2nd. Finally, UBS Group cut shares of General Electric from a “buy” rating to a “neutral” rating and reduced their target price for the company from $31.00 to $24.00 in a report on Monday, October 23rd. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.25.

General Electric (NYSE:GE) opened at $18.21 on Wednesday. The firm has a market cap of $157,920.00, a P/E ratio of 21.17, a P/E/G ratio of 2.11 and a beta of 1.07. General Electric has a 52-week low of $17.25 and a 52-week high of $31.45. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14.

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

In other news, Chairman John Leonard Flannery acquired 60,000 shares of General Electric stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven M. Mollenkopf acquired 5,500 shares of General Electric stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, with a total value of $100,320.00. Following the completion of the purchase, the director now owns 5,500 shares of the company’s stock, valued at $100,320. The disclosure for this purchase can be found here. Over the last three months, insiders bought 120,500 shares of company stock valued at $2,183,220. Corporate insiders own 0.36% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Peak Financial Management Inc. boosted its position in shares of General Electric by 0.3% during the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 25 shares during the last quarter. Puplava Financial Services Inc. lifted its position in General Electric by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after purchasing an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in General Electric by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after purchasing an additional 67 shares during the last quarter. NorthRock Partners LLC lifted its position in General Electric by 0.9% during the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after purchasing an additional 80 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its position in General Electric by 1.4% during the second quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock valued at $265,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 55.64% of the company’s stock.

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