General Electric (NYSE:GE) PT Raised to $186.00

General Electric (NYSE:GE) had its price objective raised by research analysts at Citigroup from $120.43 to $186.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Citigroup’s price objective suggests a potential upside of 14.60% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. The Goldman Sachs Group raised their price objective on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com started coverage on shares of General Electric in a report on Sunday, April 21st. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $170.00.

General Electric Price Performance

General Electric stock opened at $162.31 on Thursday. The firm has a market cap of $177.67 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 2.99 and a beta of 1.29. General Electric has a 52-week low of $77.28 and a 52-week high of $163.65. The company has a quick ratio of 0.85, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $160.72 and its two-hundred day moving average is $136.09.

General Electric (NYSE:GE) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. On average, research analysts expect that General Electric will post 3.95 EPS for the current fiscal year.

Insider Activity at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GE. Prime Capital Investment Advisors LLC lifted its stake in shares of General Electric by 29.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after acquiring an additional 6,419 shares during the period. Fifth Third Bancorp lifted its stake in shares of General Electric by 12.5% in the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after acquiring an additional 28,985 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of General Electric by 10.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock worth $12,087,000 after acquiring an additional 10,722 shares during the period. Grandfield & Dodd LLC lifted its stake in shares of General Electric by 9.3% in the 4th quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock worth $34,432,000 after acquiring an additional 22,998 shares during the period. Finally, Qsemble Capital Management LP acquired a new stake in shares of General Electric in the third quarter valued at about $1,846,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

About General Electric

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.