General Electric (NYSE:GE - Get Free Report) has earned an average rating of "Moderate Buy" from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $196.86.
GE has been the topic of several research reports. UBS Group lifted their price target on shares of General Electric from $201.00 to $209.00 and gave the company a "buy" rating in a report on Monday, July 1st. Jefferies Financial Group upped their price target on shares of General Electric from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, June 28th. Citigroup increased their price target on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price objective on General Electric from $192.00 to $205.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Finally, StockNews.com cut General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th.
Get Our Latest Stock Analysis on General Electric
Shares of GE opened at $192.61 on Friday. The firm has a 50 day simple moving average of $178.51 and a two-hundred day simple moving average of $167.42. 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 has a one year low of $84.42 and a one year high of $194.80. The company has a market cap of $210.83 billion, a P/E ratio of 63.15, a P/E/G ratio of 1.86 and a beta of 1.18.
General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion during the quarter, compared to analysts' expectations 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 was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. Research analysts forecast that General Electric will post 4.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Thursday, September 26th. General Electric's dividend payout ratio is currently 36.72%.
Hedge funds have recently bought and sold shares of the company. Tsfg LLC lifted its stake in General Electric by 12.8% in the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after buying an additional 55 shares during the period. Macroview Investment Management LLC boosted its stake in General Electric by 37.9% during the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate's stock worth $34,000 after acquiring an additional 58 shares in the last quarter. Strategic Advisors LLC boosted its stake in General Electric by 2.6% during the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock worth $428,000 after acquiring an additional 58 shares in the last quarter. Allegheny Financial Group LTD increased its stake in General Electric by 1.4% in the second quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate's stock valued at $714,000 after purchasing an additional 61 shares in the last quarter. Finally, New England Research & Management Inc. increased its stake 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 valued at $463,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 74.77% of the company's stock.
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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