General Electric (GE) Given a $16.00 Price Target at Vertical Research

General Electric (NYSE:GE) has been assigned a $16.00 price target by stock analysts at Vertical Research in a report issued on Tuesday. The firm currently has a “hold” rating on the conglomerate’s stock. Vertical Research’s price target points to a potential upside of 9.07% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Vetr cut General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target on the stock. in a research note on Wednesday, January 10th. TheStreet cut General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. Morgan Stanley cut General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 target price on the stock. in a research note on Monday, October 23rd. Stifel Nicolaus cut General Electric from a “buy” rating to a “hold” rating and reduced their target price for the company from $26.00 to $22.00 in a research note on Tuesday, October 24th. Finally, Goldman Sachs Group set a $23.00 target price on General Electric and gave the company a “hold” rating in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.09.

Shares of General Electric (NYSE GE) traded down $0.15 during trading on Tuesday, reaching $14.67. The company’s stock had a trading volume of 73,690,000 shares, compared to its average volume of 107,660,000. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09. The stock has a market cap of $127,220.00, a PE ratio of 13.58, a P/E/G ratio of 2.83 and a beta of 0.93. General Electric has a 1-year low of $14.23 and a 1-year high of $30.59.

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

In other news, Director Steven M. Mollenkopf purchased 5,500 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $100,320. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander Dimitrief purchased 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The disclosure for this purchase can be found here. Insiders have purchased 124,370 shares of company stock worth $2,245,570 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its holdings in General Electric by 21.3% in the second quarter. Toronto Dominion Bank now owns 3,375,683 shares of the conglomerate’s stock worth $91,179,000 after acquiring an additional 593,686 shares in the last quarter. Warren Averett Asset Management LLC boosted its holdings in General Electric by 7.0% in the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after acquiring an additional 6,799 shares in the last quarter. Palouse Capital Management Inc. boosted its holdings in General Electric by 5.4% in the third quarter. Palouse Capital Management Inc. now owns 190,591 shares of the conglomerate’s stock worth $4,608,000 after acquiring an additional 9,755 shares in the last quarter. Destination Wealth Management boosted its holdings in General Electric by 5.6% in the second quarter. Destination Wealth Management now owns 775,177 shares of the conglomerate’s stock worth $20,938,000 after acquiring an additional 41,100 shares in the last quarter. Finally, Boston Partners boosted its holdings in General Electric by 2.5% in the third quarter. Boston Partners now owns 14,588,765 shares of the conglomerate’s stock worth $352,756,000 after acquiring an additional 360,154 shares in the last quarter. Institutional investors own 54.98% of the company’s stock.

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About General Electric

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.

Analyst Recommendations for General Electric (NYSE:GE)

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