General Electric (NYSE:GE) Given New $118.00 Price Target at Deutsche Bank Aktiengesellschaft

General Electric (NYSE:GEGet Rating) had its price objective lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $107.00 to $118.00 in a report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 30.03% from the stock’s current price.

GE has been the subject of a number of other research reports. Royal Bank of Canada boosted their price objective on shares of General Electric from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, March 11th. Sanford C. Bernstein started coverage on shares of General Electric in a report on Monday, January 10th. They issued an “outperform” rating and a $120.00 price target on the stock. StockNews.com assumed coverage on shares of General Electric in a report on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $124.00 price target on shares of General Electric in a report on Wednesday, January 26th. Finally, Credit Suisse Group lowered their price target on shares of General Electric from $122.00 to $116.00 and set an “outperform” rating on the stock in a report on Monday, March 7th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, General Electric currently has a consensus rating of “Buy” and a consensus target price of $120.20.

General Electric stock opened at $90.75 on Thursday. The company has a 50 day moving average price of $93.76 and a 200-day moving average price of $98.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.28. General Electric has a fifty-two week low of $85.29 and a fifty-two week high of $116.17. The company has a market capitalization of $99.76 billion, a PE ratio of -14.57, a P/E/G ratio of 4.07 and a beta of 0.96.

General Electric (NYSE:GEGet Rating) last posted its quarterly earnings results on Tuesday, January 25th. The conglomerate reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The firm had revenue of $20.30 billion during the quarter, compared to the consensus estimate of $21.32 billion. General Electric had a negative net margin of 8.80% and a positive return on equity of 6.62%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, analysts forecast that General Electric will post 3.16 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Missouri Trust & Investment Co purchased a new position in shares of General Electric during the 4th quarter worth approximately $27,000. Benjamin Edwards Inc. boosted its position in shares of General Electric by 325.0% during the 4th quarter. Benjamin Edwards Inc. now owns 289 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 221 shares during the period. Covestor Ltd acquired a new stake in General Electric during the 4th quarter worth approximately $31,000. Bell Investment Advisors Inc acquired a new stake in General Electric during the 3rd quarter worth approximately $32,000. Finally, FSB Premier Wealth Management Inc. acquired a new stake in General Electric during the 4th quarter worth approximately $32,000. 70.28% of the stock is owned by institutional investors.

General Electric Company Profile (Get Rating)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment 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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