Goldman Sachs set a $14.00 price objective on General Electric (NYSE:GE) in a research report report published on Monday, April 16th. The firm currently has a hold rating on the conglomerate’s stock.
Several other research firms also recently weighed in on GE. Vertical Research set a $18.00 target price on General Electric and gave the stock a hold rating in a research report on Tuesday, January 16th. TheStreet downgraded General Electric from a c rating to a d+ rating in a research report on Wednesday, January 24th. UBS initiated coverage on General Electric in a research report on Tuesday, January 23rd. They set a neutral rating and a $17.00 target price for the company. Tigress Financial reiterated a hold rating on shares of General Electric in a research report on Thursday, December 28th. Finally, DZ Bank restated a sell rating on shares of General Electric in a research note on Tuesday, April 3rd. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $17.65.
Shares of NYSE:GE traded up $0.20 on Monday, hitting $14.27. 59,184,957 shares of the company’s stock were exchanged, compared to its average volume of 86,388,203. General Electric has a 12 month low of $12.73 and a 12 month high of $29.47. The company has a market cap of $122.42 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.71 and a beta of 1.02. The company has a current ratio of 1.76, a quick ratio of 1.48 and a debt-to-equity ratio of 1.44.
General Electric (NYSE:GE) last released its earnings results on Friday, April 20th. The conglomerate reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. General Electric had a positive return on equity of 11.22% and a negative net margin of 6.16%. The business had revenue of $28.66 billion during the quarter, compared to the consensus estimate of $27.26 billion. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts predict that General Electric will post 0.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th were paid a $0.12 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.36%. General Electric’s dividend payout ratio (DPR) is presently 45.71%.
In other General Electric news, major shareholder Electric Co General sold 3,883,000 shares of General Electric stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $15.00, for a total value of $58,245,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.12% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GE. Bristlecone Advisors LLC acquired a new stake in General Electric in the third quarter worth about $164,000. Santori & Peters Inc. acquired a new stake in General Electric in the fourth quarter worth about $120,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in General Electric in the third quarter worth about $204,000. Kalos Management Inc. acquired a new stake in shares of General Electric during the third quarter worth about $211,000. Finally, Geneva Partners LLC acquired a new stake in shares of General Electric during the third quarter worth about $214,000. Institutional investors own 56.18% of the company’s stock.
About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.