General Electric (NYSE:GE) Given Average Recommendation of “Moderate Buy” by Brokerages

General Electric (NYSE:GE – Get Rating) has received an average rating of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $103.20.

Several analysts have weighed in on GE shares. StockNews.com started coverage on shares of General Electric in a research note on Friday, March 10th. They set a “buy” rating for the company. TheStreet upgraded General Electric from a “c” rating to a “b-” rating in a research note on Friday, February 10th. Citigroup lifted their target price on General Electric from $109.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. The Goldman Sachs Group raised their target price on General Electric from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, April 14th. Finally, Barclays raised their target price on General Electric from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th.

Insider Transactions at General Electric

In other news, SVP Scott Strazik sold 173,873 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $99.56, for a total value of $17,310,795.88. Following the completion of the sale, the senior vice president now owns 56,049 shares in the company, valued at $5,580,238.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Scott Strazik sold 173,873 shares of General Electric stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $99.56, for a total value of $17,310,795.88. Following the transaction, the senior vice president now owns 56,049 shares of the company’s stock, valued at approximately $5,580,238.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas S. Timko sold 7,254 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $100.82, for a total value of $731,348.28. Following the sale, the vice president now owns 20,953 shares in the company, valued at approximately $2,112,481.46. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Trading of General Electric

Several large investors have recently added to or reduced their stakes in GE. TFO TDC LLC purchased a new stake in shares of General Electric in the fourth quarter worth approximately $31,000. Addenda Capital Inc. bought a new stake in shares of General Electric in the 4th quarter valued at approximately $26,000. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Syverson Strege & Co lifted its stake in shares of General Electric by 53.6% in the 1st quarter. Syverson Strege & Co now owns 338 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 118 shares during the last quarter. Finally, MADDEN SECURITIES Corp acquired a new stake in shares of General Electric in the 4th quarter valued at $28,000. 70.12% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Down 0.7 %

NYSE GE opened at $98.80 on Friday. The company’s fifty day moving average price is $95.09 and its two-hundred day moving average price is $86.58. General Electric has a 12 month low of $46.55 and a 12 month high of $102.95. The company has a market capitalization of $107.59 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 7.06 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 0.92.

General Electric (NYSE:GE – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.14. General Electric had a return on equity of 9.45% and a net margin of 11.85%. The firm had revenue of $14.49 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. General Electric’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts predict that General Electric will post 2.03 earnings per share for the current fiscal year.

General Electric Company Profile

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General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.