Deutsche Bank restated their sell rating on shares of General Electric (NYSE:GE) in a research note released on Thursday. The firm currently has a $13.00 target price on the conglomerate’s stock, down from their previous target price of $15.00.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus decreased their price target on General Electric from $18.00 to $17.00 and set a hold rating for the company in a report on Tuesday, January 30th. TheStreet cut General Electric from a c rating to a d+ rating in a report on Wednesday, January 24th. Credit Suisse Group restated a hold rating and issued a $16.00 price target on shares of General Electric in a report on Tuesday, January 30th. DZ Bank restated a neutral rating on shares of General Electric in a report on Friday, January 26th. Finally, Citigroup decreased their price target on General Electric from $24.00 to $23.00 and set a buy rating for the company in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. General Electric has a consensus rating of Hold and a consensus target price of $21.31.

General Electric (NYSE:GE) remained flat at $$14.45 during midday trading on Thursday. The company had a trading volume of 70,832,218 shares, compared to its average volume of 107,465,930. The stock has a market cap of $124,310.00, a PE ratio of 13.38, a PEG ratio of 2.89 and a beta of 0.93. General Electric has a one year low of $14.23 and a one year high of $30.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. equities analysts predict that General Electric will post 0.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio is currently 44.44%.

In related news, insider Alexander Dimitrief bought 2,689 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $16.16 per share, with a total value of $43,454.24. Following the completion of the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven M. Mollenkopf bought 5,500 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $100,320. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 124,370 shares of company stock worth $2,245,570. Corporate insiders own 0.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Peak Financial Management Inc. grew its stake in shares of General Electric by 0.3% in the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after purchasing an additional 25 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its stake in General Electric by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after buying an additional 67 shares in the last quarter. NorthRock Partners LLC boosted its stake in General Electric by 0.9% during the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after buying an additional 80 shares in the last quarter. Valmark Advisers Inc. boosted its stake in General Electric by 1.4% during the second quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock valued at $265,000 after buying an additional 138 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its stake in General Electric by 0.8% during the second quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock valued at $510,000 after buying an additional 147 shares in the last quarter. 55.44% of the stock is currently owned by hedge funds and other institutional investors.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

Analyst Recommendations for General Electric (NYSE:GE)

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