General Electric Co. (NYSE:GE) received a $35.00 target price from William Blair in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. William Blair’s target price indicates a potential upside of 11.68% from the stock’s current price.

A number of other analysts have also recently commented on GE. Vetr cut General Electric from a “strong-buy” rating to a “buy” rating and set a $31.96 price objective for the company. in a research report on Monday, November 7th. RBC Capital Markets reiterated an “outperform” rating and set a $36.00 price objective on shares of General Electric in a research report on Tuesday, November 1st. Stifel Nicolaus set a $33.00 price objective on General Electric and gave the stock a “buy” rating in a research report on Tuesday, November 1st. Sanford C. Bernstein reiterated a “market perform” rating and set a $33.00 price objective on shares of General Electric in a research report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of General Electric in a report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.56.

Analyst Recommendations for General Electric (NYSE:GE)

Shares of General Electric (NYSE:GE) opened at 31.34 on Tuesday. The firm has a market cap of $277.25 billion, a PE ratio of 26.95 and a beta of 1.20. General Electric has a 12 month low of $27.10 and a 12 month high of $33.00. The stock’s 50 day moving average is $29.47 and its 200 day moving average is $30.42.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Monday, September 19th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.92 dividend on an annualized basis and a yield of 2.94%. General Electric’s payout ratio is currently 80.00%.

In other General Electric news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $29.24 per share, with a total value of $1,462,000.00. Following the completion of the purchase, the chairman now owns 2,248,688 shares in the company, valued at approximately $65,751,637.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GE. Patten & Patten Inc. TN raised its stake in shares of General Electric by 1.5% in the second quarter. Patten & Patten Inc. TN now owns 640,718 shares of the company’s stock valued at $20,170,000 after buying an additional 9,512 shares during the period. Baxter Bros Inc. purchased a new stake in shares of General Electric during the second quarter valued at $11,436,000. Howland Capital Management LLC raised its stake in shares of General Electric by 7.6% in the second quarter. Howland Capital Management LLC now owns 1,255,577 shares of the company’s stock valued at $39,526,000 after buying an additional 89,178 shares during the period. Osborn Rohs Williams & Donohoe Ltd raised its stake in shares of General Electric by 1.2% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 290,268 shares of the company’s stock valued at $9,138,000 after buying an additional 3,405 shares during the period. Finally, Cacti Asset Management LLC raised its stake in shares of General Electric by 1.2% in the second quarter. Cacti Asset Management LLC now owns 97,525 shares of the company’s stock valued at $3,070,000 after buying an additional 1,175 shares during the period. 55.46% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark and copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/24/general-electric-co-ge-pt-set-at-35-00-by-william-blair.html.

About General Electric

5 Day Chart for NYSE:GE

Receive News & Stock Ratings for General Electric Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Co. and related stocks with our FREE daily email newsletter.