General Electric Company (NYSE:GE) received a $22.00 price objective from equities researchers at J P Morgan Chase & Co in a report issued on Tuesday. The firm presently has a “sell” rating on the conglomerate’s stock. J P Morgan Chase & Co’s price target suggests a potential downside of 10.06% from the company’s current price.

Several other equities research analysts have also commented on the stock. Vetr lowered shares of General Electric from a “buy” rating to a “sell” rating and set a $23.72 price objective on the stock. in a research report on Tuesday. Argus decreased their price objective on shares of General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday. Royal Bank Of Canada reiterated a “buy” rating and issued a $31.00 price objective on shares of General Electric in a research report on Friday. Deutsche Bank AG reiterated a “sell” rating and issued a $21.00 price objective (down from $24.00) on shares of General Electric in a research report on Monday, September 11th. Finally, Cowen and Company reiterated a “hold” rating and issued a $24.00 price objective on shares of General Electric in a research report on Monday, August 7th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.98.

General Electric (GE) traded down 0.45% during trading on Tuesday, hitting $24.35. 5,462,920 shares of the stock traded hands. General Electric has a 52-week low of $23.58 and a 52-week high of $32.38. The company’s 50 day moving average price is $24.78 and its 200-day moving average price is $27.50. The stock has a market cap of $210.82 billion, a P/E ratio of 29.66 and a beta of 1.22. General Electric also was the target of unusually large options trading activity on Monday. Stock traders bought 40,129 call options on the stock. This represents an increase of 145% compared to the typical daily volume of 16,397 call options.

General Electric (NYSE:GE) last released its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The business had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities research analysts forecast that General Electric will post $1.56 earnings per share for the current fiscal year.

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In other news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total transaction of $633,375.45. Following the completion of the transaction, the insider now owns 175,717 shares of the company’s stock, valued at approximately $4,507,141.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James S. Tisch acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $24.56 per share, with a total value of $2,456,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 233,253 shares of company stock valued at $5,860,264. Corporate insiders own 0.36% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MPS Loria Financial Planners LLC acquired a new stake in General Electric during the 2nd quarter worth approximately $113,000. Frontier Investment Mgmt Co. increased its position in General Electric by 0.5% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 556,128 shares of the conglomerate’s stock worth $15,021,000 after purchasing an additional 2,783 shares in the last quarter. W. E. Donoghue & Co. LLC acquired a new stake in General Electric during the 2nd quarter worth approximately $15,392,000. Intl Fcstone Inc. increased its position in General Electric by 163.2% during the 2nd quarter. Intl Fcstone Inc. now owns 38,320 shares of the conglomerate’s stock worth $1,035,000 after purchasing an additional 23,760 shares in the last quarter. Finally, M Holdings Securities Inc. increased its position in General Electric by 21.6% during the 2nd quarter. M Holdings Securities Inc. now owns 136,875 shares of the conglomerate’s stock worth $3,697,000 after purchasing an additional 24,344 shares in the last quarter. 54.71% of the stock is owned by hedge funds and other institutional investors.

About General Electric

Analyst Recommendations for General Electric (NYSE:GE)

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