Deutsche Bank Aktiengesellschaft Raises General Electric (NYSE:GE) Price Target to $212.00

General Electric (NYSE:GE) had its price objective upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $210.00 to $212.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 13.04% from the company’s current price.

Several other research analysts have also recently commented on GE. Sanford C. Bernstein assumed coverage on shares of General Electric in a report on Tuesday, September 10th. They set an “outperform” rating and a $201.00 target price for the company. Jefferies Financial Group increased their price objective on shares of General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Wells Fargo & Company raised their price objective on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Barclays upped their target price on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, UBS Group raised their price target on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.36.

General Electric Trading Up 0.7 %

GE traded up $1.38 during mid-day trading on Friday, hitting $187.54. The stock had a trading volume of 2,512,184 shares, compared to its average volume of 6,606,442. The stock’s fifty day simple moving average is $168.12 and its 200-day simple moving average is $171.06. The firm has a market capitalization of $205.28 billion, a price-to-earnings ratio of 61.49, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. General Electric has a 1-year low of $84.42 and a 1-year high of $187.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The company had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that General Electric will post 4.2 EPS for the current fiscal year.

Institutional Investors Weigh In On General Electric

Large investors have recently bought and sold shares of the company. Newport Trust Company LLC bought a new stake in shares of General Electric during the 2nd quarter worth $2,613,332,000. Capital World Investors raised its stake in General Electric by 2,818.1% during the first quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate’s stock worth $2,237,930,000 after acquiring an additional 12,312,648 shares in the last quarter. Capital International Investors lifted its holdings in shares of General Electric by 9.9% in the first quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate’s stock worth $10,373,936,000 after acquiring an additional 5,309,543 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of General Electric by 221.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate’s stock valued at $1,250,079,000 after purchasing an additional 4,907,530 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of General Electric during the 2nd quarter valued at approximately $580,200,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.