General Electric (NYSE:GE) Receives Consensus Recommendation of “Buy” from Brokerages

General Electric (NYSE:GE) has been given an average recommendation of “Buy” by the seventeen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $118.29.

A number of equities analysts recently issued reports on GE shares. UBS Group reissued a “buy” rating and issued a $136.00 price objective on shares of General Electric in a report on Friday. Zacks Investment Research downgraded shares of General Electric from a “hold” rating to a “sell” rating and set a $112.00 price objective on the stock. in a report on Monday, July 12th. TheStreet cut shares of General Electric from a “c” rating to a “d+” rating in a research note on Monday, September 13th. Citigroup restated a “buy” rating and set a $136.00 target price on shares of General Electric in a research note on Wednesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $120.00 to $112.00 and set a “hold” rating on the stock in a research note on Wednesday, July 14th.

GE opened at $99.81 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.51 and a debt-to-equity ratio of 1.69. The company has a market cap of $109.79 billion, a price-to-earnings ratio of -36.69, a PEG ratio of 9.63 and a beta of 1.07. The company’s 50 day moving average is $103.04 and its 200 day moving average is $105.35. General Electric has a 12-month low of $48.00 and a 12-month high of $115.32.

General Electric (NYSE:GE) last posted its quarterly earnings data on Monday, July 26th. The conglomerate reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.16. The company had revenue of $18.30 billion for the quarter, compared to the consensus estimate of $17.96 billion. General Electric had a negative net margin of 3.18% and a positive return on equity of 5.56%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.20) earnings per share. As a group, analysts predict that General Electric will post 1.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 25th. Investors of record on Monday, September 27th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, September 24th. General Electric’s dividend payout ratio (DPR) is presently 400.00%.

Several hedge funds have recently bought and sold shares of GE. Adirondack Research & Management Inc. grew its position in General Electric by 0.5% during the second quarter. Adirondack Research & Management Inc. now owns 20,057 shares of the conglomerate’s stock worth $270,000 after buying an additional 100 shares in the last quarter. Archer Investment Corp raised its position in General Electric by 2.6% in the 2nd quarter. Archer Investment Corp now owns 4,167 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 107 shares during the last quarter. Hotaling Investment Management LLC raised its position in shares of General Electric by 1.8% during the 2nd quarter. Hotaling Investment Management LLC now owns 10,738 shares of the conglomerate’s stock valued at $145,000 after acquiring an additional 189 shares during the last quarter. Barber Financial Group Inc. grew its holdings in shares of General Electric by 1.2% in the 2nd quarter. Barber Financial Group Inc. now owns 15,878 shares of the conglomerate’s stock valued at $214,000 after buying an additional 193 shares during the period. Finally, Davis R M Inc. boosted its stake in General Electric by 0.8% in the 2nd quarter. Davis R M Inc. now owns 23,232 shares of the conglomerate’s stock worth $313,000 after purchasing an additional 195 shares during the period.

General Electric Company Profile

General Electric Co engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services.

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Analyst Recommendations for General Electric (NYSE:GE)

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