General Electric (NYSE:GE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of General Electric (NYSE:GEGet Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $132.00.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on General Electric from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada decreased their price target on General Electric from $150.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Citigroup lifted their price target on General Electric from $135.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, StockNews.com upgraded General Electric from a “hold” rating to a “buy” rating in a research note on Thursday, February 1st.

Read Our Latest Report on General Electric

General Electric Price Performance

NYSE:GE opened at $140.19 on Tuesday. General Electric has a 52 week low of $81.08 and a 52 week high of $140.82. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $152.57 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.25. The stock’s 50-day moving average price is $128.51 and its 200-day moving average price is $118.61.

General Electric (NYSE:GEGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The firm had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same period last year, the company posted $1.24 EPS. General Electric’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, equities analysts expect that General Electric will post 4.52 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, December 28th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, December 27th. General Electric’s payout ratio is 3.82%.

Insider Transactions at General Electric

In related news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On General Electric

Institutional investors and hedge funds have recently modified their holdings of the stock. Great Valley Advisor Group Inc. lifted its stake in shares of General Electric by 1.7% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock valued at $550,000 after buying an additional 74 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in General Electric by 1.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock worth $814,000 after purchasing an additional 75 shares in the last quarter. Forte Capital LLC ADV lifted its stake in General Electric by 2.1% in the 4th quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock worth $519,000 after purchasing an additional 83 shares in the last quarter. Atlas Brown Inc. increased its holdings in shares of General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after buying an additional 85 shares during the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 74.83% of the company’s stock.

General Electric Company Profile

(Get Free Report

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It 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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Analyst Recommendations for General Electric (NYSE:GE)

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