General Electric (NYSE:GE – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $190.38.
A number of research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Royal Bank of Canada increased their price target on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, June 10th. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th.
Check Out Our Latest Report on GE
Institutional Trading of General Electric
General Electric Stock Performance
General Electric stock opened at $166.36 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The firm has a market cap of $180.39 billion, a P/E ratio of 54.54, a P/E/G ratio of 1.73 and a beta of 1.21. General Electric has a 1-year low of $84.42 and a 1-year high of $177.20. The firm has a 50-day moving average of $165.67 and a 200-day moving average of $163.09.
General Electric (NYSE:GE – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the business posted $0.68 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts expect that General Electric will post 4.2 EPS for the current year.
General Electric Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, July 11th. General Electric’s payout ratio is 36.72%.
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.
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