General Electric (NYSE:GE) PT Raised to $185.00 at Jefferies Financial Group

General Electric (NYSE:GE) had its price target boosted by stock analysts at Jefferies Financial Group from $180.00 to $185.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Jefferies Financial Group’s price target suggests a potential upside of 12.02% from the company’s current price.

A number of other brokerages also recently weighed in on GE. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Oppenheimer restated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price objective 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. Finally, Vertical Research started coverage on shares of General Electric in a report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price objective on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $170.36.

General Electric Stock Up 1.7 %

GE traded up $2.80 during trading on Monday, reaching $165.15. The company had a trading volume of 2,516,729 shares, compared to its average volume of 8,040,258. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. General Electric has a 12 month low of $77.93 and a 12 month high of $166.07. The business’s fifty day moving average price is $160.72 and its 200 day moving average price is $136.43. The company has a market cap of $180.77 billion, a P/E ratio of 54.15, a PEG ratio of 2.90 and a beta of 1.29.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. 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 company earned $0.27 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that General Electric will post 3.93 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Walker Asset Management LLC increased its holdings in General Electric by 1.7% during the first quarter. Walker Asset Management LLC now owns 4,111 shares of the conglomerate’s stock valued at $722,000 after buying an additional 70 shares during the period. BKM Wealth Management LLC lifted its stake in shares of General Electric by 2.6% during the 1st quarter. BKM Wealth Management LLC now owns 2,821 shares of the conglomerate’s stock worth $495,000 after purchasing an additional 72 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of General Electric by 1.7% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock worth $550,000 after purchasing an additional 74 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of General Electric by 1.2% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock worth $814,000 after purchasing an additional 75 shares during the last quarter. Finally, Schnieders Capital Management LLC lifted its stake in shares of General Electric by 1.1% during the 1st quarter. Schnieders Capital Management LLC now owns 6,817 shares of the conglomerate’s stock worth $1,197,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other 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.