General Electric (NYSE:GE) PT Raised to $209.00 at UBS Group

General Electric (NYSE:GE) had its target price upped by UBS Group from $201.00 to $209.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. UBS Group’s price objective would indicate a potential upside of 29.44% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on GE. Wells Fargo & Company raised their price target on General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a report on Monday, April 29th. StockNews.com started coverage on shares of General Electric in a research report on Monday, April 29th. They set a “hold” rating on the stock. JPMorgan Chase & Co. increased their target price on General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. The Goldman Sachs Group upped their price objective on General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price target on shares of General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus price target of $181.93.

General Electric Trading Up 1.6 %

Shares of NYSE:GE opened at $161.47 on Monday. General Electric has a 1 year low of $84.42 and a 1 year high of $170.80. The firm has a fifty day moving average price of $162.53 and a 200 day moving average price of $151.85. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $176.75 billion, a PE ratio of 52.65, a P/E/G ratio of 1.69 and a beta of 1.22.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that General Electric will post 4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the sale, the senior vice president now owns 112,958 shares in the company, valued at approximately $18,391,821.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

Institutional Investors Weigh In On General Electric

Several hedge funds and other institutional investors have recently modified their holdings of the company. Marcum Wealth LLC raised its holdings in shares of General Electric by 8.4% in the 2nd quarter. Marcum Wealth LLC now owns 2,922 shares of the conglomerate’s stock worth $465,000 after acquiring an additional 226 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of General Electric by 7.8% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,140 shares of the conglomerate’s stock worth $658,000 after purchasing an additional 300 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of General Electric by 15.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,822 shares of the conglomerate’s stock valued at $608,000 after purchasing an additional 499 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of General Electric by 25.4% during the second quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate’s stock valued at $2,702,000 after buying an additional 3,442 shares during the last quarter. Finally, Trust Co of the South grew its holdings in General Electric by 1.2% during the second quarter. Trust Co of the South now owns 5,909 shares of the conglomerate’s stock worth $939,000 after buying an additional 70 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

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.