Vetr upgraded shares of General Electric Co. (NYSE:GE) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. Vetr currently has $32.17 price target on the stock.

Several other analysts have also weighed in on the stock. Argus reiterated a buy rating and set a $36.00 target price on shares of General Electric in a research note on Monday, October 24th. Zacks Investment Research lowered shares of General Electric from a hold rating to a sell rating in a research note on Monday, October 24th. William Blair set a $35.00 target price on shares of General Electric and gave the company a buy rating in a research note on Tuesday, November 22nd. Barclays PLC set a $32.00 target price on shares of General Electric and gave the company a buy rating in a research note on Monday, October 17th. Finally, Sanford C. Bernstein reiterated a market perform rating and set a $34.00 target price on shares of General Electric in a research note on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $32.58.

Analyst Recommendations for General Electric (NYSE:GE)

Shares of General Electric (NYSE:GE) opened at 30.76 on Wednesday. The firm has a market cap of $272.11 billion, a PE ratio of 26.45 and a beta of 1.20. The stock has a 50 day moving average of $29.59 and a 200 day moving average of $30.44. General Electric has a 1-year low of $27.10 and a 1-year high of $33.00.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 21st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business earned $29.30 billion during the quarter, compared to analyst estimates of $29.64 billion. General Electric had a net margin of 8.93% and a return on equity of 16.08%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Equities research analysts anticipate that General Electric will post $1.49 earnings per share for the current fiscal year.

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In other General Electric news, Chairman Jeffrey R. Immelt bought 50,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $29.24 per share, for a total transaction of $1,462,000.00. Following the acquisition, the chairman now directly owns 2,248,688 shares of the company’s stock, valued at $65,751,637.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. First Pacific Advisors LLC increased its position in shares of General Electric by 2.4% in the second quarter. First Pacific Advisors LLC now owns 10,649,460 shares of the company’s stock worth $335,245,000 after buying an additional 253,960 shares in the last quarter. Rockefeller Financial Services Inc. increased its position in shares of General Electric by 7.0% in the second quarter. Rockefeller Financial Services Inc. now owns 318,258 shares of the company’s stock worth $10,019,000 after buying an additional 20,893 shares in the last quarter. RS Investment Management Co. LLC increased its position in shares of General Electric by 0.3% in the second quarter. RS Investment Management Co. LLC now owns 1,090,981 shares of the company’s stock worth $34,344,000 after buying an additional 2,955 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of General Electric by 3.4% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 8,689,301 shares of the company’s stock worth $257,376,000 after buying an additional 284,348 shares in the last quarter. Finally, MSI Financial Services Inc increased its position in shares of General Electric by 5.1% in the second quarter. MSI Financial Services Inc now owns 697,010 shares of the company’s stock worth $21,942,000 after buying an additional 33,634 shares in the last quarter. Institutional investors own 53.50% of the company’s stock.

About General Electric

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To view Vetr’s full report, visit Vetr’s official website.

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