General Electric Company (GE) PT Set at $22.00 by Goldman Sachs Group, Inc. (The)
General Electric Company (NYSE:GE) received a $22.00 target price from stock analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Tuesday. The brokerage currently has a “neutral” rating on the conglomerate’s stock. Goldman Sachs Group, Inc. (The)’s price objective points to a potential upside of 20.91% from the company’s previous close.
Several other research firms also recently weighed in on GE. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price objective on shares of General Electric in a report on Thursday, October 12th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price objective (down from $27.00) on shares of General Electric in a report on Monday, July 24th. J P Morgan Chase & Co decreased their price objective on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Vetr upgraded General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 price objective for the company in a report on Tuesday, October 10th. Finally, Citigroup Inc. set a $25.00 price objective on General Electric and gave the company a “buy” rating in a report on Tuesday. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.84.
Shares of General Electric (NYSE:GE) traded down $0.07 on Tuesday, reaching $18.20. 61,892,098 shares of the company’s stock were exchanged, compared to its average volume of 43,942,609. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. General Electric has a twelve month low of $17.46 and a twelve month high of $32.38. The stock has a market cap of $157,820.00, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.95 and a beta of 1.11.
General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities research analysts expect that General Electric will post 1.06 EPS for the current year.
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In related news, Director James S. Tisch purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $24.56 per share, with a total value of $2,456,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.36% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Peak Financial Management Inc. raised its stake in General Electric by 0.3% in the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after purchasing an additional 25 shares during the last quarter. BerganKDV Wealth Management LLC grew its stake in General Electric by 0.3% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock worth $319,000 after buying an additional 36 shares during the last quarter. Puplava Financial Services Inc. grew its stake in General Electric by 0.4% during the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock worth $303,000 after buying an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in General Electric by 0.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock worth $557,000 after buying an additional 67 shares during the last quarter. Finally, Northwest Wealth Management LLC grew its stake in General Electric by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock worth $254,000 after buying an additional 75 shares during the last quarter. 54.29% of the stock is owned by institutional investors.
General Electric Company Profile
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