General Electric (NYSE:GE) has received an average recommendation of “Hold” from the twenty-four ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.97.
Several equities research analysts have recently weighed in on GE shares. Tigress Financial reiterated a “hold” rating on shares of General Electric in a research note on Thursday, December 28th. JPMorgan Chase reiterated a “sell” rating and set a $16.00 target price (down previously from $17.00) on shares of General Electric in a research note on Monday, January 8th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price for the company. in a research note on Wednesday, January 10th. Deutsche Bank reiterated a “sell” rating and set a $15.00 target price on shares of General Electric in a research note on Wednesday, January 17th. Finally, Vertical Research set a $18.00 target price on shares of General Electric and gave the stock a “hold” rating in a research note on Tuesday, January 16th.
In other news, insider Alexander Dimitrief acquired 2,689 shares of General Electric stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. Ford Financial Group Inc. purchased a new position in shares of General Electric during the 4th quarter worth approximately $108,000. Ffcm LLC purchased a new position in shares of General Electric during the 2nd quarter worth approximately $114,000. Santori & Peters Inc. purchased a new position in shares of General Electric during the 4th quarter worth approximately $120,000. Avestar Capital LLC purchased a new position in shares of General Electric during the 4th quarter worth approximately $137,000. Finally, Corbenic Partners LLC increased its stake in shares of General Electric by 15.7% during the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares in the last quarter. 56.12% of the stock is owned by institutional investors.
Shares of GE stock opened at $14.54 on Friday. The stock has a market cap of $126,244.66, a price-to-earnings ratio of 13.85, a PEG ratio of 2.73 and a beta of 1.02. General Electric has a 1 year low of $12.73 and a 1 year high of $30.38. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.59 and a current ratio of 1.87.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, April 20th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The company had revenue of $28.66 billion for the quarter, compared to analyst estimates of $27.26 billion. General Electric had a positive return on equity of 11.22% and a negative net margin of 6.16%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. analysts predict that General Electric will post 1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a $0.12 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.30%. General Electric’s payout ratio is currently 45.71%.
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General Electric Company Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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