General Electric (NYSE:GE)‘s stock had its “sell” rating reissued by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They presently have a $10.00 target price on the conglomerate’s stock. JPMorgan Chase & Co.’s price target points to a potential downside of 19.74% from the company’s current price.

GE has been the subject of several other research reports. Gabelli reissued a “buy” rating on shares of General Electric in a research note on Wednesday, July 18th. Goldman Sachs Group reissued a “neutral” rating and issued a $14.00 price objective on shares of General Electric in a research note on Wednesday, June 27th. Barclays reissued a “neutral” rating and issued a $16.00 price objective on shares of General Electric in a research note on Monday, July 9th. MED raised shares of General Electric from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Thursday, July 12th. Finally, Royal Bank of Canada set a $15.00 price objective on shares of General Electric and gave the company a “neutral” rating in a research note on Monday, July 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.34.

Shares of GE opened at $12.46 on Thursday. General Electric has a 1-year low of $11.94 and a 1-year high of $25.21. The stock has a market cap of $111.66 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 2.44 and a beta of 0.96. The company has a quick ratio of 1.51, a current ratio of 1.81 and a debt-to-equity ratio of 1.39.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, July 20th. The conglomerate reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. General Electric had a negative net margin of 6.59% and a positive return on equity of 10.40%. The business had revenue of $30.10 billion during the quarter, compared to analysts’ expectations of $29.39 billion. During the same period last year, the business earned $0.21 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. equities research analysts predict that General Electric will post 0.96 earnings per share for the current fiscal year.

In other news, Director H Lawrence Culp, Jr. purchased 191,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The stock was bought at an average price of $13.04 per share, for a total transaction of $2,490,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.12% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Fusion Family Wealth LLC increased its holdings in shares of General Electric by 153.3% in the 2nd quarter. Fusion Family Wealth LLC now owns 8,264 shares of the conglomerate’s stock valued at $112,000 after acquiring an additional 5,002 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of General Electric in the 1st quarter valued at $116,000. Santori & Peters Inc. acquired a new position in shares of General Electric in the 4th quarter valued at $120,000. Archford Capital Strategies LLC acquired a new position in shares of General Electric in the 1st quarter valued at $121,000. Finally, Amussen Hunsaker Associates LLC acquired a new position in shares of General Electric in the 2nd quarter valued at $134,000. Institutional investors own 53.70% of the company’s stock.

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.

Featured Article: Trading Strategy

Analyst Recommendations for General Electric (NYSE:GE)

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