Stifel Nicolaus reaffirmed their hold rating on shares of General Electric (NYSE:GE) in a research report released on Friday morning. Stifel Nicolaus currently has a $15.00 price target on the conglomerate’s stock.
A number of other brokerages have also recently issued reports on GE. Barclays initiated coverage on General Electric in a report on Thursday, February 15th. They issued an equal weight rating and a $16.00 target price for the company. Vertical Research set a $16.00 target price on General Electric and gave the stock a hold rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. reissued an underweight rating and issued a $14.00 target price (down from $16.00) on shares of General Electric in a report on Monday, February 12th. Deutsche Bank reissued a sell rating and issued a $13.00 target price (down from $15.00) on shares of General Electric in a report on Thursday, February 8th. Finally, TheStreet cut General Electric from a c rating to a d+ rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. General Electric presently has a consensus rating of Hold and a consensus target price of $19.86.
Shares of General Electric (GE) opened at $15.05 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09. General Electric has a 52-week low of $14.23 and a 52-week high of $30.59. The company has a market capitalization of $130,510.00, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 2.86 and a beta of 0.93.
General Electric (NYSE:GE) last announced its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. The firm had revenue of $31.40 billion during the quarter, compared to the consensus estimate of $33.93 billion. During the same quarter in the prior year, the business posted $0.46 EPS. General Electric’s revenue was down 5.1% compared to the same quarter last year. sell-side analysts expect that General Electric will post 0.99 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.19%. General Electric’s dividend payout ratio is 44.44%.
In other General Electric news, insider Alexander Dimitrief purchased 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $16.16 per share, with a total value of $43,454.24. Following the acquisition, the insider now directly owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.36% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in GE. Ford Financial Group Inc. acquired a new stake in shares of General Electric in the 4th quarter valued at $108,000. MPS Loria Financial Planners LLC acquired a new stake in shares of General Electric in the 2nd quarter valued at $113,000. Ffcm LLC bought a new position in shares of General Electric in the 2nd quarter worth $114,000. Santori & Peters Inc. bought a new position in shares of General Electric in the 4th quarter worth $120,000. Finally, Avestar Capital LLC bought a new position in shares of General Electric in the 4th quarter worth $137,000. 55.17% of the stock is owned by hedge funds and other institutional investors.
General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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