Bank of America Corporation restated their buy rating on shares of General Electric Company (NYSE:GE) in a research note issued to investors on Tuesday morning. They currently have a $23.00 target price on the conglomerate’s stock, down from their previous target price of $27.00.

Several other research analysts also recently commented on the company. Morningstar, Inc. reissued a buy rating on shares of General Electric in a research note on Tuesday. Stifel Nicolaus set a $22.00 target price on General Electric and gave the stock a neutral rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) set a $22.00 target price on General Electric and gave the stock a neutral rating in a research note on Tuesday. Royal Bank Of Canada downgraded General Electric from an outperform rating to a sector perform rating and lowered their target price for the stock from $25.00 to $20.00 in a research note on Tuesday. Finally, Citigroup Inc. set a $25.00 target price on General Electric and gave the stock a buy rating in a research note on Tuesday. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Electric has an average rating of Hold and a consensus price target of $24.84.

Shares of General Electric (NYSE GE) traded up $0.33 during midday trading on Tuesday, reaching $18.23. The company’s stock had a trading volume of 126,546,332 shares, compared to its average volume of 43,485,949. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. The firm has a market capitalization of $158,310.00, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11. General Electric has a 12-month low of $17.46 and a 12-month high of $32.38.

General Electric (NYSE:GE) last issued its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. equities research analysts forecast that General Electric will post 1.06 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Friday, September 15th. General Electric’s payout ratio is 111.63%.

In other General Electric news, Director James S. Tisch purchased 100,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.36% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Warren Averett Asset Management LLC boosted its holdings in shares of General Electric by 7.0% during the 2nd quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after buying an additional 6,799 shares in the last quarter. Sabal Trust CO lifted its holdings in shares of General Electric by 5.4% in the 2nd quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock worth $29,198,000 after purchasing an additional 55,049 shares in the last quarter. Smithbridge Asset Management Inc. DE lifted its holdings in shares of General Electric by 47.2% in the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 31,268 shares of the conglomerate’s stock worth $845,000 after purchasing an additional 10,025 shares in the last quarter. Rothschild Investment Corp IL lifted its holdings in shares of General Electric by 2.4% in the 2nd quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock worth $12,569,000 after purchasing an additional 10,906 shares in the last quarter. Finally, Windsor Financial Group LLC lifted its holdings in shares of General Electric by 497.6% in the 1st quarter. Windsor Financial Group LLC now owns 156,454 shares of the conglomerate’s stock worth $4,662,000 after purchasing an additional 130,275 shares in the last quarter. Hedge funds and other institutional investors own 54.29% of the company’s stock.

About General Electric

Analyst Recommendations for General Electric (NYSE:GE)

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