General Electric (NYSE:GE) PT Raised to $235.00 at Deutsche Bank Aktiengesellschaft

by · The Cerbat Gem

General Electric (NYSE:GE – Get Free Report) had its target price hoisted by analysts at Deutsche Bank Aktiengesellschaft from $212.00 to $235.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 25.66% from the stock’s previous close.

Several other brokerages also recently issued reports on GE. Sanford C. Bernstein started coverage on General Electric in a report on Tuesday, September 10th. They set an “outperform” rating and a $201.00 price target for the company. StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Barclays upped their price objective on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Jefferies Financial Group lifted their target price on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, Royal Bank of Canada increased their price target on shares of General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.00.

Check Out Our Latest Research Report on General Electric

General Electric Trading Up 1.7 %

NYSE:GE opened at $187.02 on Thursday. The firm has a fifty day simple moving average of $173.52 and a two-hundred day simple moving average of $166.17. General Electric has a 12 month low of $84.42 and a 12 month high of $190.88. The stock has a market capitalization of $204.71 billion, a price-to-earnings ratio of 61.32, a PEG ratio of 1.87 and a beta of 1.18. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts expect that General Electric will post 4.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GE. Studio Investment Management LLC increased its holdings in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after buying an additional 78 shares during the period. MFA Wealth Advisors LLC bought a new stake in General Electric in the second quarter valued at approximately $31,000. Richardson Financial Services Inc. bought a new stake in General Electric in the first quarter valued at approximately $34,000. Financial Connections Group Inc. purchased a new stake in shares of General Electric during the second quarter valued at approximately $32,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of General Electric in the first quarter worth approximately $37,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Company Profile

(Get Free Report)

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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