General Electric (NYSE:GE) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of General Electric (NYSE:GE) in a research note issued on Monday. The brokerage set a “hold” rating on the conglomerate’s stock.

Several other research firms have also recently issued reports on GE. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and increased their target price for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Wells Fargo & Company lowered their target price on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group increased their price target on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $170.00.

General Electric Stock Performance

NYSE GE opened at $162.35 on Monday. General Electric has a 1 year low of $77.28 and a 1 year high of $163.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.85. The stock has a market capitalization of $177.71 billion, a PE ratio of 53.23, a P/E/G ratio of 3.05 and a beta of 1.29. The company’s 50 day simple moving average is $160.72 and its two-hundred day simple moving average is $136.43.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that General Electric will post 3.93 earnings per share for the current fiscal year.

Insider Activity at General Electric

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

Institutional Investors Weigh In On General Electric

A number of large investors have recently added to or reduced their stakes in GE. Walker Asset Management LLC increased its holdings in General Electric by 1.7% during the first quarter. Walker Asset Management LLC now owns 4,111 shares of the conglomerate’s stock valued at $722,000 after buying an additional 70 shares during the last quarter. BKM Wealth Management LLC increased its holdings in General Electric by 2.6% during the first quarter. BKM Wealth Management LLC now owns 2,821 shares of the conglomerate’s stock valued at $495,000 after buying an additional 72 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in General Electric by 1.7% during the fourth 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 during the last quarter. Checchi Capital Advisers LLC increased its holdings in General Electric by 1.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after buying an additional 75 shares during the last quarter. Finally, Schnieders Capital Management LLC boosted its position in shares of General Electric by 1.1% in the first quarter. Schnieders Capital Management LLC now owns 6,817 shares of the conglomerate’s stock worth $1,197,000 after purchasing an additional 75 shares during the period. Institutional investors own 74.77% of the company’s stock.

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.