General Electric (NYSE:GE) Stock Rating Upgraded by Northcoast Research

General Electric (NYSE:GE) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $205.00 price target on the conglomerate’s stock. Northcoast Research’s price target would indicate a potential upside of 12.92% from the stock’s previous close.

GE has been the topic of several other reports. Wells Fargo & Company dropped their price target on General Electric from $250.00 to $203.00 and set an “overweight” rating on the stock in a research note on Tuesday. Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Citigroup increased their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $212.73.

General Electric Trading Down 3.1 %

NYSE:GE opened at $181.54 on Wednesday. General Electric has a 52 week low of $146.78 and a 52 week high of $214.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm’s fifty day moving average is $198.78 and its 200-day moving average is $186.65. The firm has a market cap of $194.84 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts expect that General Electric will post 5.4 earnings per share for the current year.

Institutional Trading of General Electric

Several institutional investors and hedge funds have recently made changes to their positions in GE. Vanguard Group Inc. increased its stake in General Electric by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the conglomerate’s stock valued at $14,980,297,000 after buying an additional 410,172 shares during the last quarter. FMR LLC grew its holdings in shares of General Electric by 1.5% in the fourth quarter. FMR LLC now owns 66,823,968 shares of the conglomerate’s stock valued at $11,145,570,000 after acquiring an additional 965,012 shares in the last quarter. Geode Capital Management LLC increased its position in shares of General Electric by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the conglomerate’s stock valued at $3,846,587,000 after acquiring an additional 529,457 shares during the last quarter. Norges Bank bought a new stake in General Electric during the fourth quarter worth $2,375,439,000. Finally, Northern Trust Corp boosted its position in General Electric by 5.8% in the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the conglomerate’s stock worth $1,675,717,000 after purchasing an additional 553,104 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

About General Electric

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.