Investment Analysts’ Weekly Ratings Changes for General Electric (GE)

Several brokerages have updated their recommendations and price targets on shares of General Electric (NYSE: GE) in the last few weeks:

  • 2/8/2018 – General Electric had its “sell” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $13.00 price target on the stock, down previously from $15.00.
  • 1/31/2018 – General Electric was given a new $15.00 price target on by analysts at Deutsche Bank AG. They now have a “sell” rating on the stock.
  • 1/30/2018 – General Electric had its price target lowered by analysts at Stifel Nicolaus from $18.00 to $17.00. They now have a “hold” rating on the stock.
  • 1/30/2018 – General Electric had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $16.00 price target on the stock.
  • 1/26/2018 – General Electric had its “neutral” rating reaffirmed by analysts at DZ Bank AG.
  • 1/25/2018 – General Electric had its price target lowered by analysts at Citigroup Inc from $24.00 to $23.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – General Electric had its price target lowered by analysts at Royal Bank of Canada to $17.00. They now have a “sector perform” rating on the stock.
  • 1/24/2018 – General Electric was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 1/24/2018 – General Electric was given a new $20.00 price target on by analysts at Royal Bank of Canada. They now have a “neutral” rating on the stock.
  • 1/24/2018 – General Electric had its “sell” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $16.00 price target on the stock.
  • 1/24/2018 – General Electric was given a new $18.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 1/23/2018 – General Electric was given a new $23.50 price target on by analysts at Morningstar, Inc.. They now have a “buy” rating on the stock.
  • 1/23/2018 – General Electric is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $17.00 price target on the stock.
  • 1/22/2018 – General Electric was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $17.00 price target on the stock.
  • 1/17/2018 – General Electric had its “sell” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $15.00 price target on the stock.
  • 1/16/2018 – General Electric was given a new $18.00 price target on by analysts at Vertical Research. They now have a “hold” rating on the stock.
  • 1/15/2018 – General Electric had its “sell” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a price target on the stock.
  • 1/15/2018 – General Electric was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $22.05 price target on the stock.
  • 1/10/2018 – General Electric was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $21.08 price target on the stock.
  • 1/8/2018 – General Electric had its “sell” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $16.00 price target on the stock, down previously from $17.00.
  • 12/28/2017 – General Electric had its “hold” rating reaffirmed by analysts at Tigress Financial.

Shares of General Electric (NYSE:GE) opened at $14.94 on Monday. General Electric has a fifty-two week low of $14.23 and a fifty-two week high of $30.59. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53. The firm has a market capitalization of $129,560.95, a PE ratio of -20.75, a PEG ratio of 2.83 and a beta of 0.93.

General Electric (NYSE:GE) last posted its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The firm had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. analysts anticipate that General Electric will post 0.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio is presently -66.67%.

In related news, Chairman John Leonard Flannery acquired 60,000 shares of General Electric stock in a transaction on 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 purchase, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander Dimitrief acquired 2,689 shares of General Electric stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now owns 81,185 shares in the company, valued at $1,311,949.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 124,370 shares of company stock valued at $2,245,570. 0.36% of the stock is owned by company insiders.

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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