Citigroup Lowers General Electric (NYSE:GE) Price Target to $227.00

General Electric (NYSE:GE) had its price target decreased by investment analysts at Citigroup from $235.00 to $227.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Citigroup’s target price suggests a potential upside of 27.47% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company lowered their target price on General Electric from $250.00 to $203.00 and set an “overweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $212.73.

General Electric Trading Down 4.9 %

NYSE:GE traded down $9.19 on Thursday, reaching $178.08. 2,578,830 shares of the stock traded hands, compared to its average volume of 5,466,336. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1-year low of $146.78 and a 1-year high of $214.21. The company’s 50 day moving average is $199.23 and its 200-day moving average is $186.70. The firm has a market capitalization of $191.13 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities research analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC boosted its holdings in shares of General Electric by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate’s stock worth $39,000 after buying an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in General Electric by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 50 shares during the last quarter. Ballast Advisors LLC boosted its stake in General Electric by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate’s stock valued at $349,000 after acquiring an additional 51 shares during the last quarter. Blue Barn Wealth LLC increased its stake in shares of General Electric by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate’s stock worth $245,000 after purchasing an additional 54 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its stake in shares of General Electric by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the conglomerate’s stock worth $789,000 after purchasing an additional 54 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.