General Electric (NYSE:GE) PT Raised to $211.00

General Electric (NYSE:GE) had its price objective upped by investment analysts at The Goldman Sachs Group from $190.00 to $211.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. The Goldman Sachs Group’s target price points to a potential upside of 30.84% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Jefferies Financial Group dropped their price objective on shares of General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays dropped their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Finally, StockNews.com began coverage on shares of General Electric in a research note on Sunday, April 21st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $170.00.

General Electric Stock Up 1.3 %

GE opened at $161.26 on Wednesday. General Electric has a twelve month low of $76.87 and a twelve month high of $163.65. The company has a quick ratio of 0.85, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $160.45 and a 200 day moving average price of $135.73. The company has a market cap of $176.30 billion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the prior year, the company earned $0.27 EPS. General Electric’s revenue was up 11.1% compared to the same quarter last year. Sell-side analysts expect that General Electric will post 3.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Electric

A number of hedge funds have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. acquired a new stake in General Electric during the 1st quarter worth approximately $3,237,000. Patrick M Sweeney & Associates Inc. acquired a new stake in General Electric during the 1st quarter worth approximately $256,000. Verdence Capital Advisors LLC lifted its holdings in General Electric by 4.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 22,739 shares of the conglomerate’s stock worth $3,991,000 after buying an additional 1,009 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in General Electric by 1.8% during the 1st quarter. Petredis Investment Advisors LLC now owns 53,907 shares of the conglomerate’s stock worth $9,462,000 after buying an additional 971 shares in the last quarter. Finally, Terra Nova Asset Management LLC raised its holdings in shares of General Electric by 7.2% in the 1st quarter. Terra Nova Asset Management LLC now owns 15,495 shares of the conglomerate’s stock valued at $2,720,000 after purchasing an additional 1,034 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.