General Electric (NYSE:GE) has been given a $23.50 price objective by research analysts at Morningstar in a research note issued on Tuesday. The firm presently has a “buy” rating on the conglomerate’s stock. Morningstar’s price target would indicate a potential upside of 41.35% from the company’s current price.

A number of other brokerages have also recently issued reports on GE. Stifel Nicolaus restated a “buy” rating and set a $26.00 price objective on shares of General Electric in a report on Thursday, October 12th. JPMorgan Chase & Co. reduced their price objective on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Vertical Research set a $18.00 price target on General Electric and gave the company a “hold” rating in a research note on Tuesday, January 16th. UBS Group assumed coverage on General Electric in a research note on Tuesday. They issued a “neutral” rating and a $17.00 price target for the company. Finally, Vetr upgraded General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 price target for the company in a research note on Tuesday, October 10th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.59.

Shares of General Electric (GE) traded up $0.46 during trading hours on Tuesday, hitting $16.63. The stock had a trading volume of 40,259,012 shares, compared to its average volume of 118,120,758. General Electric has a 12 month low of $15.80 and a 12 month high of $30.59. The company has a market capitalization of $144,170.00, a PE ratio of 19.33, a PEG ratio of 3.01 and a beta of 1.07. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14.

In related news, Director Francisco Dsouza purchased 55,000 shares of the stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of $17.94 per share, for a total transaction of $986,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John Leonard Flannery purchased 60,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the acquisition, the chairman now directly owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 120,500 shares of company stock valued at $2,183,220. Company insiders own 0.36% of the company’s stock.

Large investors have recently made changes to their positions in the company. MPS Loria Financial Planners LLC bought a new stake in shares of General Electric in the second quarter worth $113,000. Ffcm LLC bought a new stake in shares of General Electric in the second quarter worth $114,000. Corbenic Partners LLC grew its stake in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of General Electric in the third quarter worth $164,000. Finally, KCS Wealth Advisory bought a new stake in shares of General Electric in the fourth quarter worth $183,000. Institutional investors own 55.62% of the company’s stock.

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About General Electric

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

Analyst Recommendations for General Electric (NYSE:GE)

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