General Electric (NYSE:GE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of General Electric (NYSE:GEGet Free Report) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $148.08.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on General Electric from $148.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Citigroup upped their price target on General Electric from $135.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. StockNews.com began coverage on General Electric in a research note on Thursday, March 28th. They issued a “hold” rating on the stock. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Finally, Jefferies Financial Group upped their price target on General Electric from $180.00 to $195.00 in a research note on Monday, March 11th.

View Our Latest Stock Report on GE

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GE. Great Valley Advisor Group Inc. lifted its holdings in General Electric by 1.7% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock valued at $550,000 after acquiring an additional 74 shares during the period. Checchi Capital Advisers LLC lifted its holdings in General Electric by 1.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after acquiring an additional 75 shares during the period. Forte Capital LLC ADV lifted its holdings in General Electric by 2.1% in the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock valued at $519,000 after acquiring an additional 83 shares during the period. Atlas Brown Inc. lifted its holdings in General Electric by 1.0% in the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after acquiring an additional 85 shares during the period. Finally, Capital Analysts LLC lifted its holdings in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the period. 74.77% of the stock is owned by institutional investors.

General Electric Price Performance

GE opened at $136.47 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a 52-week low of $93.47 and a 52-week high of $180.36. The stock has a market capitalization of $149.20 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.35 and a beta of 1.29. The stock’s 50 day moving average price is $154.32 and its 200-day moving average price is $130.76.

General Electric (NYSE:GEGet Free Report) last posted its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that General Electric will post 4.57 EPS for the current year.

General Electric Company Profile

(Get Free Report

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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