Bank of America set a $16.00 target price on General Electric (NYSE:GE) in a research report report published on Monday morning. The firm currently has a hold rating on the conglomerate’s stock.

Other research analysts have also issued reports about the stock. UBS Group decreased their price target on shares of General Electric from $16.00 to $13.00 and set a neutral rating on the stock in a research note on Wednesday, September 5th. MED raised shares of General Electric from a sell rating to a hold rating and set a $15.00 price target on the stock in a research note on Thursday, July 12th. Goldman Sachs Group reaffirmed a neutral rating and issued a $14.00 price target on shares of General Electric in a research note on Wednesday, June 27th. Cowen reaffirmed a hold rating and issued a $14.50 price target on shares of General Electric in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating on shares of General Electric in a research note on Tuesday, July 24th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $16.34.

NYSE:GE opened at $11.74 on Monday. General Electric has a 52 week low of $11.60 and a 52 week high of $25.21. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.51 and a current ratio of 1.81. The stock has a market cap of $105.67 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Monday, September 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Friday, September 14th. General Electric’s dividend payout ratio (DPR) is 45.71%.

In other General Electric news, Director H Lawrence Culp, Jr. bought 191,000 shares of the firm’s stock in a transaction on Tuesday, July 24th. The shares were acquired at an average cost of $13.04 per share, with a total value of $2,490,640.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.12% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fusion Family Wealth LLC raised its position in shares of General Electric by 153.3% during the 2nd quarter. Fusion Family Wealth LLC now owns 8,264 shares of the conglomerate’s stock valued at $112,000 after buying an additional 5,002 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in shares of General Electric during the 1st quarter valued at approximately $116,000. Santori & Peters Inc. purchased a new stake in shares of General Electric during the 4th quarter valued at approximately $120,000. Archford Capital Strategies LLC purchased a new stake in shares of General Electric during the 1st quarter valued at approximately $121,000. Finally, Amussen Hunsaker Associates LLC purchased a new stake in shares of General Electric during the 2nd quarter valued at approximately $134,000. 53.69% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for General Electric (NYSE:GE)

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