General Electric Company (GE) Upgraded to Sell at Vetr Inc.

General Electric Company (NYSE:GE) was upgraded by Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $21.74 price target on the conglomerate’s stock. Vetr‘s price target would indicate a potential downside of 6.93% from the stock’s current price.

Several other research analysts have also issued reports on GE. Cowen and Company reiterated a “market perform” rating and issued a $30.00 target price on shares of General Electric in a research report on Tuesday, June 13th. Bank of America Corporation reiterated a “neutral” rating and issued a $31.00 target price on shares of General Electric in a research report on Tuesday, June 13th. Stifel Nicolaus reiterated a “buy” rating on shares of General Electric in a research report on Wednesday, June 14th. Credit Suisse Group reiterated an “outperform” rating on shares of General Electric in a research report on Wednesday, June 14th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of General Electric in a research report on Wednesday, June 14th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. General Electric has an average rating of “Hold” and a consensus price target of $28.40.

General Electric (NYSE GE) traded down 0.30% during midday trading on Tuesday, reaching $23.36. The stock’s 50-day moving average price is $24.37 and its 200-day moving average price is $26.88. General Electric has a one year low of $23.25 and a one year high of $32.38. The stock has a market capitalization of $202.25 billion, a PE ratio of 28.45 and a beta of 1.19.

General Electric (NYSE:GE) last announced its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (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 company had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, analysts predict that General Electric will post $1.55 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “General Electric Company (GE) Upgraded to Sell at Vetr Inc.” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/11/general-electric-company-ge-upgraded-to-sell-at-vetr-inc.html.

In related news, Director James E. Rohr purchased 27,425 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $25.50 per share, with a total value of $699,337.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Leonard Flannery purchased 103,983 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the purchase, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 233,253 shares of company stock valued at $5,860,264. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GE. Stokes & Hubbell Capital Management LLC raised its stake in General Electric by 2.6% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 109,091 shares of the conglomerate’s stock worth $3,251,000 after buying an additional 2,745 shares in the last quarter. Inverness Counsel LLC NY raised its stake in General Electric by 5.3% in the first quarter. Inverness Counsel LLC NY now owns 1,115,716 shares of the conglomerate’s stock worth $33,215,000 after buying an additional 56,365 shares in the last quarter. Prospera Financial Services Inc raised its stake in General Electric by 20.7% in the first quarter. Prospera Financial Services Inc now owns 115,394 shares of the conglomerate’s stock worth $3,445,000 after buying an additional 19,787 shares in the last quarter. First Command Financial Services Inc. raised its stake in

Several other research analysts have also issued reports on GE. Cowen and Company reiterated a “market perform” rating and issued a $30.00 target price on shares of General Electric in a research report on Tuesday, June 13th. Bank of America Corporation reiterated a “neutral” rating and issued a $31.00 target price on shares of General Electric in a research report on Tuesday, June 13th. Stifel Nicolaus reiterated a “buy” rating on shares of General Electric in a research report on Wednesday, June 14th. Credit Suisse Group reiterated an “outperform” rating on shares of General Electric in a research report on Wednesday, June 14th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of General Electric in a research report on Wednesday, June 14th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. General Electric has an average rating of “Hold” and a consensus price target of $28.40.

General Electric (NYSE GE) traded down 0.30% during midday trading on Tuesday, reaching $23.36. The stock’s 50-day moving average price is $24.37 and its 200-day moving average price is $26.88. General Electric has a one year low of $23.25 and a one year high of $32.38. The stock has a market capitalization of $202.25 billion, a PE ratio of 28.45 and a beta of 1.19.

General Electric (NYSE:GE) last announced its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (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 company had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, analysts predict that General Electric will post $1.55 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “General Electric Company (GE) Upgraded to Sell at Vetr Inc.” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/11/general-electric-company-ge-upgraded-to-sell-at-vetr-inc.html.

In related news, Director James E. Rohr purchased 27,425 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $25.50 per share, with a total value of $699,337.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Leonard Flannery purchased 103,983 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the purchase, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 233,253 shares of company stock valued at $5,860,264. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GE. Stokes & Hubbell Capital Management LLC raised its stake in General Electric by 2.6% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 109,091 shares of the conglomerate’s stock worth $3,251,000 after buying an additional 2,745 shares in the last quarter. Inverness Counsel LLC NY raised its stake in General Electric by 5.3% in the first quarter. Inverness Counsel LLC NY now owns 1,115,716 shares of the conglomerate’s stock worth $33,215,000 after buying an additional 56,365 shares in the last quarter. Prospera Financial Services Inc raised its stake in General Electric by 20.7% in the first quarter. Prospera Financial Services Inc now owns 115,394 shares of the conglomerate’s stock worth $3,445,000 after buying an additional 19,787 shares in the last quarter. First Command Financial Services Inc. raised its stake in General Electric by 0.4% in the first quarter. First Command Financial Services Inc. now owns 53,305 shares of the conglomerate’s stock worth $1,588,000 after buying an additional 229 shares in the last quarter. Finally, Private Bank & Trust Co. raised its stake in General Electric by 5.4% in the first quarter. Private Bank & Trust Co. now owns 78,428 shares of the conglomerate’s stock worth $2,337,000 after buying an additional 4,049 shares in the last quarter. 54.69% of the stock is owned by institutional investors.

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