General Electric (GE) Given Sell Rating at Deutsche Bank
General Electric (NYSE:GE)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank in a note issued to investors on Thursday. They currently have a $13.00 price target on the conglomerate’s stock, down from their previous price target of $15.00. Deutsche Bank’s price target indicates a potential downside of 12.99% from the stock’s current price.
A number of other research firms have also recently issued reports on GE. Stifel Nicolaus reissued a “buy” rating and set a $26.00 price objective on shares of General Electric in a research report on Thursday, October 12th. JPMorgan Chase & Co. dropped their price target on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 1st. Vertical Research set a $18.00 price target on shares of General Electric and gave the company a “hold” rating in a research report on Tuesday, January 16th. UBS Group began coverage on shares of General Electric in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 price target on the stock. Finally, TheStreet cut shares of General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. General Electric has an average rating of “Hold” and an average price target of $21.31.
General Electric (GE) opened at $14.94 on Thursday. The stock has a market cap of $133,950.00, a PE ratio of 13.83, a PEG ratio of 2.74 and a beta of 0.93. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 2.09. General Electric has a 1 year low of $14.23 and a 1 year high of $30.59.
In related news, insider Alexander Dimitrief purchased 2,689 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the purchase, the insider now directly owns 81,185 shares in the company, valued at approximately $1,311,949.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francisco Dsouza purchased 55,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 124,370 shares of company stock valued at $2,245,570. 0.36% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BTR Capital Management Inc. boosted its holdings in General Electric by 32.5% in the 2nd quarter. BTR Capital Management Inc. now owns 263,161 shares of the conglomerate’s stock valued at $7,108,000 after purchasing an additional 64,610 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in General Electric by 503.1% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 1,425,912 shares of the conglomerate’s stock valued at $38,514,000 after purchasing an additional 1,189,475 shares during the period. Eqis Capital Management Inc. boosted its holdings in General Electric by 6.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 22,848 shares of the conglomerate’s stock valued at $617,000 after purchasing an additional 1,336 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in General Electric by 34.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 82,143 shares of the conglomerate’s stock valued at $2,219,000 after purchasing an additional 20,825 shares during the period. Finally, Portfolio Solutions LLC boosted its holdings in General Electric by 8.7% in the 2nd quarter. Portfolio Solutions LLC now owns 8,218 shares of the conglomerate’s stock valued at $222,000 after purchasing an additional 660 shares during the period. 55.44% of the stock is owned by institutional investors.
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General Electric Company Profile
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.
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