The price target of indicates that the current stock price could rise by 11.81%.
GE has also been the subject of comments from other brokerages. In a report published on Thursday, 7th July, Bank of America raised their target price for shares of General Electric. The new price was $120.00. JPMorgan Chase & Co. raised their price target for shares of General Electric to $102.00 in a research report published on Wednesday, April 26, and rated the stock as 'neutral.' In a report published on Wednesday, April 12, Deutsche Bank Aktiengesellschaft raised their price target for shares of General Electric to $103.00 from $97.00. The stock was given a "buy" rating. In a research report published on Thursday 18th May, we began covering shares of General Electric. The analysts gave the stock a "buy" rating. Two equity research analysts have given the stock a hold recommendation and thirteen others have given the company a buy recommendation. Trading on Tuesday saw a $6.91 increase, bringing the total to $117.16. The company traded 16,939 008 shares, as opposed to the average of 6,697 193. The company's quick ratio is 0.92, its current ratio is 1.25 and its debt-to equity ratio is 0.61. The company's moving average for the past 50 days is $106,32, and its moving average over the last two hundred days is $95,11. General Electric's 52-week low is $48.06 while its 52-week high is $117.96. The stock's market cap is $127.58 billion. It has a P/E of 15.28 and a PEG of 7.76.
The last time ) released its results was on Tuesday, 25th July. Conglomerate posted $0.68 in earnings per share for the third quarter, exceeding the consensus estimate by $0.46. The company had revenues of $15.85 Billion during the quarter compared with analyst estimates of $14.7 billion. General Electric's net margin was 11.85%, and its return on equity was 9.45%. Revenue was up 18.6% from the same quarter of last year. In the same quarter of the previous year, the company posted $0.78 in earnings per share. Analysts expect General Electric to post 2.03 earnings per shares for the current fiscal.
Insider Buying & Selling
General Electric Pension Trust, a major shareholder, acquired 35,160 of the company's shares in a deal that took place on Friday 30th June. Stock was purchased at $995.44 on average per share with a value of $34,999.670.40. After the acquisition, the insider owns directly 175,160 shares of the company valued at around $174,361,270.40. General Electric Pension Trust, a major shareholder, acquired 35,160 of the company's shares in a deal on Friday, 30th June. Stock was purchased at $995.44 on average per share with a value of $34,999.670.40. After the acquisition, the insider owns directly 175,160 shares of the company valued at around $174,361,270.40. On Monday, 1st May, 7,254 shares were sold in the company's stock. The shares were purchased at an average of $100.82 for a transaction totaling $731,348.28. After the completion of this transaction, the vice-president now owns 20,953 of the company's shares, valued at approximately $2,112,481.46. Insiders have sold 244,144,151 shares of stock worth $24,144,000. Corporate insiders own 0.67%.
Institutional Trading of General Electric
A number of institutional shareholders have bought and sold the stock recently. TCI Fund Management Ltd. bought a new General Electric position valued at approximately $2,496,379,000 in the first quarter. Moneta Group Investment Advisors LLC increased its stake in General Electric in the fourth-quarter by 122 242.2%. Moneta Group Investment Advisors LLC owns now 13,438,063 of the conglomerate’s stock, valued at $878.644,000, after purchasing 13,427.079 additional shares during the fourth quarter. Norges Bank acquired a position in General Electric valued at approximately $635,274,000 in the fourth quarter. State Street Corp increased its stake in General Electric in the first quarter by 17.3%. State Street Corp owns 48.490.012 shares in the conglomerate, valued at $4.639.533,000, after buying an additional 7.157.356 shares over the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in General Electric in the second quarter by 106.570.5%. Bank Julius Baer & Co. Ltd Zurich owns 6,248,759 of the conglomerate’s stock, valued at $686.426,000. This is after buying an additional 6,242,901 during the last quarter. Institutional investors own 74.75% the stock.
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General Electric Company is a global high-tech industrial firm with operations in Europe, China and Asia, as well as the Americas, Middle East and Africa. It provides gas and steam engines, complete balance of plant solutions, upgrades and services, as well data-leveraging software to power generation, industry, government and other customers.
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