Argus upgraded shares of General Electric (NYSE:GE) from a hold rating to a buy rating in a research note released on Thursday morning, MarketBeat Ratings reports.

Several other equities analysts also recently commented on GE. Barclays lowered their target price on shares of General Electric from $13.00 to $12.00 and set an overweight rating on the stock in a report on Monday, December 17th. UBS Group set a $13.00 target price on shares of General Electric and gave the stock a buy rating in a report on Monday, December 10th. Citigroup lowered their target price on shares of General Electric from $19.00 to $18.00 and set a buy rating on the stock in a report on Tuesday, October 30th. Vertical Research raised shares of General Electric from a hold rating to a buy rating in a report on Wednesday, December 19th. Finally, Goldman Sachs Group set a $9.00 target price on shares of General Electric and gave the stock a neutral rating in a report on Friday, November 16th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $13.04.

Shares of NYSE:GE opened at $10.19 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.36 and a debt-to-equity ratio of 2.03. General Electric has a 1-year low of $6.66 and a 1-year high of $15.93. The company has a market cap of $88.48 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.63 and a beta of 0.98.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). General Electric had a negative net margin of 18.38% and a positive return on equity of 9.36%. The firm had revenue of $33.28 billion for the quarter, compared to analysts’ expectations of $32.01 billion. On average, equities research analysts predict that General Electric will post 0.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Thursday, December 20th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Wednesday, December 19th. General Electric’s payout ratio is 6.15%.

In other General Electric news, Director Francisco Dsouza purchased 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average price of $8.32 per share, with a total value of $499,200.00. Following the completion of the purchase, the director now directly owns 151,500 shares in the company, valued at $1,260,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexander Dimitrief purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average cost of $9.48 per share, for a total transaction of $94,800.00. Following the purchase, the senior vice president now owns 103,075 shares of the company’s stock, valued at $977,151. The disclosure for this purchase can be found here. 1.12% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in General Electric by 1.0% during the third quarter. Vanguard Group Inc. now owns 635,893,221 shares of the conglomerate’s stock valued at $7,179,235,000 after acquiring an additional 6,167,111 shares during the last quarter. Vanguard Group Inc increased its position in General Electric by 1.0% during the third quarter. Vanguard Group Inc now owns 635,893,221 shares of the conglomerate’s stock valued at $7,179,235,000 after acquiring an additional 6,167,111 shares during the last quarter. FMR LLC increased its position in General Electric by 158.6% during the second quarter. FMR LLC now owns 205,696,411 shares of the conglomerate’s stock valued at $2,799,528,000 after acquiring an additional 126,169,069 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in General Electric by 13.3% during the third quarter. The Manufacturers Life Insurance Company now owns 102,536,305 shares of the conglomerate’s stock valued at $1,157,635,000 after acquiring an additional 12,033,153 shares during the last quarter. Finally, Morgan Stanley increased its position in General Electric by 26.1% during the second quarter. Morgan Stanley now owns 54,507,783 shares of the conglomerate’s stock valued at $741,852,000 after acquiring an additional 11,294,608 shares during the last quarter. Institutional investors and hedge funds own 54.42% of the company’s stock.

About General Electric

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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