General Electric Company (NYSE:GE) had its target price trimmed by Deutsche Bank AG from $18.00 to $15.00 in a research note published on Tuesday. The brokerage currently has a sell rating on the conglomerate’s stock.

Other equities analysts also recently issued reports about the company. Argus cut their target price on General Electric from $30.00 to $27.00 and set a buy rating for the company in a research note on Monday, September 18th. Royal Bank Of Canada reissued a buy rating and set a $31.00 target price on shares of General Electric in a research note on Friday, September 15th. Vetr downgraded General Electric from a strong-buy rating to a buy rating and set a $25.63 target price for the company. in a research note on Wednesday, September 13th. UBS AG reissued a buy rating and set a $31.00 target price (down from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus cut their target price on General Electric from $33.00 to $28.00 and set a buy rating for the company in a research note on Tuesday, July 25th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. General Electric currently has an average rating of Hold and a consensus price target of $24.49.

General Electric (NYSE GE) opened at $17.83 on Tuesday. The stock has a market capitalization of $155,924.08, a P/E ratio of 14.50, a PEG ratio of 1.96 and a beta of 1.11. General Electric has a one year low of $17.46 and a one year high of $32.38. 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 (NYSE:GE) last issued its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.32 earnings per share. research analysts anticipate that General Electric will post 1.06 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/general-electric-company-ge-price-target-cut-to-15-00-by-analysts-at-deutsche-bank-ag/1719321.html.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Friday, September 15th. General Electric’s dividend payout ratio (DPR) is 120.00%.

In other General Electric news, Chairman John Leonard Flannery acquired 60,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the acquisition, the chairman now directly owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Francisco Dsouza acquired 55,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Insiders have bought 120,500 shares of company stock worth $2,183,220 in the last 90 days. Insiders own 0.36% of the company’s stock.

Several hedge funds have recently bought and sold shares of GE. Ullmann Financial Group Inc. purchased a new position in shares of General Electric in the 1st quarter worth $106,000. MPS Loria Financial Planners LLC purchased a new position in General Electric in the second quarter valued at about $113,000. Ffcm LLC purchased a new position in General Electric in the second quarter valued at about $114,000. PHH Investments Ltd. raised its position in General Electric by 105.0% in the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 2,000 shares during the period. Finally, Corbenic Partners LLC raised its position in General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 725 shares during the period. Institutional investors and hedge funds own 54.75% of the company’s stock.

General Electric Company Profile

Analyst Recommendations for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with Analyst Ratings Network's FREE daily email newsletter.