General Electric (NYSE:GE) has been given a $18.00 price target by equities research analysts at Vertical Research in a report released on Tuesday. The firm currently has a “hold” rating on the conglomerate’s stock. Vertical Research’s price objective would suggest a potential upside of 3.75% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price on the stock. in a report on Wednesday, January 10th. Deutsche Bank set a $15.00 price objective on shares of General Electric and gave the company a “sell” rating in a research note on Wednesday. Morgan Stanley downgraded shares of General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 price objective for the company. in a research note on Monday, October 23rd. Stifel Nicolaus downgraded shares of General Electric from a “buy” rating to a “hold” rating and decreased their price objective for the company from $26.00 to $22.00 in a research note on Tuesday, October 24th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of General Electric in a research note on Thursday, September 21st. Six analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.94.

General Electric (GE) opened at $17.35 on Tuesday. The company has a market capitalization of $157,918.66, a price-to-earnings ratio of 14.69, a P/E/G ratio of 2.05 and a beta of 1.07. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric has a twelve month low of $17.25 and a twelve month high of $31.34.

General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. equities analysts expect that General Electric will post 1.07 EPS for the current fiscal year.

In other General Electric news, Director Steven M. Mollenkopf bought 5,500 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the director now owns 5,500 shares of the company’s stock, valued at $100,320. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Francisco Dsouza bought 55,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders have bought 120,500 shares of company stock valued at $2,183,220 in the last quarter. Insiders own 0.36% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in GE. Berkshire Asset Management LLC PA raised its holdings in General Electric by 5.1% during the fourth quarter. Berkshire Asset Management LLC PA now owns 1,007,490 shares of the conglomerate’s stock worth $17,581,000 after purchasing an additional 48,957 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in General Electric by 6.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 31,696,646 shares of the conglomerate’s stock worth $553,107,000 after purchasing an additional 1,835,853 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in General Electric by 5.8% during the fourth quarter. Capital Investment Advisors LLC now owns 274,477 shares of the conglomerate’s stock worth $4,790,000 after purchasing an additional 15,137 shares in the last quarter. Thompson Rubinstein Investment Management Inc. OR raised its holdings in General Electric by 11.5% during the fourth quarter. Thompson Rubinstein Investment Management Inc. OR now owns 86,200 shares of the conglomerate’s stock worth $1,504,000 after purchasing an additional 8,898 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in General Electric by 27.0% during the fourth quarter. CHICAGO TRUST Co NA now owns 216,363 shares of the conglomerate’s stock worth $3,775,000 after purchasing an additional 46,020 shares in the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.

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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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