General Electric (NYSE:GE) PT Raised to $180.00

General Electric (NYSE:GE) had its price objective increased by Argus from $170.00 to $180.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Argus’ price objective points to a potential upside of 11.62% from the company’s current price.

Several other brokerages have also recently commented on GE. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Royal Bank of Canada raised their target price on shares of General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company decreased their price objective on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. The Goldman Sachs Group lifted their price objective on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Vertical Research began coverage on shares of General Electric in a research note on Thursday, April 4th. They issued a “buy” rating and a $160.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus target price of $170.00.

General Electric Stock Up 1.3 %

Shares of GE opened at $161.26 on Wednesday. General Electric has a 12 month low of $76.87 and a 12 month high of $163.65. The firm’s 50 day moving average is $160.45 and its 200-day moving average is $135.73. The stock has a market capitalization of $176.30 billion, a PE ratio of 52.87, a P/E/G ratio of 3.05 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts forecast that General Electric will post 3.95 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On General Electric

A number of hedge funds have recently modified their holdings of GE. Halpern Financial Inc. lifted its holdings in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new position in General Electric in the fourth quarter valued at $27,000. CGC Financial Services LLC lifted its holdings in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after buying an additional 110 shares during the period. 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 buying an additional 87 shares during the period. Finally, Horrell Capital Management Inc. acquired a new position in General Electric in the first quarter valued at $44,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.