General Electric (NYSE:GE) PT Raised to $153.00 at Barclays

General Electric (NYSE:GEGet Free Report) had its target price upped by stock analysts at Barclays from $144.00 to $153.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. Barclays‘s target price points to a potential upside of 16.62% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup boosted their price target on General Electric from $135.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, December 11th. StockNews.com started coverage on General Electric in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Wells Fargo & Company upped their price target on General Electric from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday. TheStreet cut shares of General Electric from a “b-” rating to a “c” rating in a research report on Tuesday, October 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of General Electric in a research report on Wednesday, September 27th. They set a “buy” rating and a $141.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Check Out Our Latest Research Report on GE

General Electric Stock Performance

GE stock traded up $1.26 during trading hours on Wednesday, reaching $131.19. The stock had a trading volume of 3,747,486 shares, compared to its average volume of 5,063,338. The stock has a 50-day simple moving average of $124.70 and a 200 day simple moving average of $116.49. General Electric has a fifty-two week low of $79.47 and a fifty-two week high of $132.50. The stock has a market capitalization of $142.79 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.82.

General Electric (NYSE:GEGet Free Report) last posted its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter last year, the company posted $1.24 EPS. General Electric’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts predict that General Electric will post 4.49 EPS for the current fiscal year.

Institutional Investors Weigh In On General Electric

Hedge funds have recently modified their holdings of the stock. Halpern Financial Inc. boosted its position in General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares during the period. Steward Financial Group LLC purchased a new stake in shares of General Electric during the second quarter worth $26,000. CGC Financial Services LLC boosted its holdings in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in shares of General Electric by 808.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. Finally, Motco raised its stake in shares of General Electric by 143.0% during the 2nd quarter. Motco now owns 294 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 173 shares during the period. Institutional investors own 74.83% of the company’s stock.

About General Electric

(Get Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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