General Electric (NYSE:GE) PT Raised to $225.00

General Electric (NYSE:GE) had its price objective lifted by stock analysts at Sanford C. Bernstein from $201.00 to $225.00 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the conglomerate’s stock. Sanford C. Bernstein’s target price points to a potential upside of 18.07% from the stock’s current price.

A number of other brokerages have also issued reports on GE. Barclays boosted their target price on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Jefferies Financial Group boosted their target price on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Royal Bank of Canada boosted their target price on shares of General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $196.86.

General Electric Stock Down 1.1 %

NYSE GE opened at $190.57 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average of $176.86 and a two-hundred day moving average of $166.73. The firm has a market capitalization of $208.60 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 1.86 and a beta of 1.18. General Electric has a 52 week low of $84.42 and a 52 week high of $194.33.

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

Hedge Funds Weigh In On General Electric

A number of large investors have recently added to or reduced their stakes in the company. Macroview Investment Management LLC raised its holdings in General Electric by 37.9% in the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 58 shares in the last quarter. Strategic Advisors LLC raised its holdings in General Electric by 2.6% in the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate’s stock worth $428,000 after purchasing an additional 58 shares in the last quarter. Allegheny Financial Group LTD raised its holdings in General Electric by 1.4% in the second quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate’s stock worth $714,000 after purchasing an additional 61 shares in the last quarter. New England Research & Management Inc. raised its holdings in General Electric by 2.2% in the second quarter. New England Research & Management Inc. now owns 2,910 shares of the conglomerate’s stock worth $463,000 after purchasing an additional 63 shares in the last quarter. Finally, Certified Advisory Corp raised its holdings in General Electric by 1.0% in the second quarter. Certified Advisory Corp now owns 6,572 shares of the conglomerate’s stock worth $1,045,000 after purchasing an additional 63 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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.