General Electric Company (GE) Price Target Cut to $15.00 by Analysts at Deutsche Bank AG
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.
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.
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