General Electric (NYSE:GE – Get Free Report) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $198.53.
A number of research firms recently weighed in on GE. Citigroup raised their target price on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their price objective on General Electric from $190.00 to $210.00 in a report on Tuesday. Jefferies Financial Group increased their price target on General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft boosted their price target on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th.
Check Out Our Latest Research Report on General Electric
Institutional Investors Weigh In On General Electric
General Electric Stock Down 9.1 %
GE stock opened at $176.59 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market capitalization of $193.30 billion, a P/E ratio of 57.90, a P/E/G ratio of 1.86 and a beta of 1.18. General Electric has a fifty-two week low of $84.58 and a fifty-two week high of $194.80. The business has a 50-day moving average of $179.24 and a 200-day moving average of $168.05.
General Electric (NYSE:GE – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, topping 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 the consensus estimate of $8.44 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that General Electric will post 4.2 earnings per share for the current fiscal year.
General Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Thursday, September 26th. General Electric’s payout ratio is presently 36.72%.
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.
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