General Electric (NYSE:GE) PT Raised to $212.00 at Deutsche Bank Aktiengesellschaft

by · The Cerbat Gem

General Electric (NYSE:GE – Free Report) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $210.00 to $212.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the conglomerate’s stock.

Other research analysts have also issued research reports about the company. Barclays increased their target price on General Electric from $175.00 to $200.00 and gave the company an overweight rating in a research report on Tuesday, July 30th. Sanford C. Bernstein assumed coverage on shares of General Electric in a research report on Tuesday, September 10th. They issued an outperform rating and a $201.00 target price on the stock. Jefferies Financial Group boosted their target price 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. Royal Bank of Canada raised their price target 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. Finally, UBS Group boosted their price objective on General Electric from $201.00 to $209.00 and gave the stock a buy rating in a research note on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $191.36.

Read Our Latest Stock Analysis on GE

General Electric Trading Up 0.7 %

NYSE GE opened at $187.43 on Friday. 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. The company has a market capitalization of $205.16 billion, a PE ratio of 61.45, a P/E/G ratio of 1.65 and a beta of 1.18. The company has a fifty day moving average of $168.69 and a 200 day moving average of $170.57.

General Electric (NYSE:GE – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. General Electric’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. Research analysts forecast that General Electric will post 4.2 earnings per share for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.60%. General Electric’s payout ratio is 36.72%.

Institutional Investors Weigh In On General Electric

Hedge funds have recently bought and sold shares of the stock. Rathbones Group PLC grew its stake in shares of General Electric by 2.7% during the fourth quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock worth $28,821,000 after purchasing an additional 5,997 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of General Electric by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock worth $11,288,136,000 after acquiring an additional 550,996 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of General Electric by 3.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 288,224 shares of the conglomerate’s stock valued at $36,786,000 after acquiring an additional 8,788 shares during the last quarter. GAMMA Investing LLC raised its position in shares of General Electric by 25.4% during the 2nd quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate’s stock worth $2,702,000 after acquiring an additional 3,442 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in General Electric by 4.4% during the second quarter. Blair William & Co. IL now owns 181,971 shares of the conglomerate’s stock worth $28,928,000 after purchasing an additional 7,670 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Company Profile

(Get Free Report)

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.

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