General Electric Company (NYSE:GE) had its target price dropped by analysts at Argus from $30.00 to $27.00 in a research note issued on Monday. The brokerage currently has a “buy” rating on the conglomerate’s stock. Argus’ target price would suggest a potential upside of 11.57% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric in a report on Wednesday, June 14th. Vetr raised shares of General Electric from a “hold” rating to a “buy” rating and set a $28.93 price objective on the stock in a report on Wednesday, June 7th. Citigroup Inc. reaffirmed a “buy” rating and set a $34.00 price objective (down from $36.00) on shares of General Electric in a report on Monday, July 10th. UBS AG reaffirmed a “buy” rating and set a $31.00 price objective (down from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $31.00 price objective on shares of General Electric in a report on Friday, September 15th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. General Electric currently has an average rating of “Hold” and an average price target of $28.98.

Shares of General Electric (NYSE:GE) opened at 24.20 on Monday. The company has a market capitalization of $209.52 billion, a P/E ratio of 29.48 and a beta of 1.22. General Electric has a one year low of $23.58 and a one year high of $32.38. The firm has a 50-day moving average of $24.74 and a 200-day moving average of $27.46. General Electric also was the target of some unusual options trading activity on Monday. Traders purchased 40,129 call options on the stock. This is an increase of 145% compared to the average volume of 16,397 call options.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company’s revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Analysts forecast that General Electric will post $1.56 earnings per share for the current year.

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In related news, insider Alexander Dimitrief purchased 1,845 shares of the company’s stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the transaction, the insider now directly owns 65,597 shares in the company, valued at $1,675,347.38. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Leonard Flannery purchased 103,983 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the transaction, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 233,253 shares of company stock valued at $5,860,264. 0.36% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in GE. Ullmann Financial Group Inc. acquired a new stake in shares of General Electric during the first quarter valued at about $106,000. MPS Loria Financial Planners LLC acquired a new stake in shares of General Electric during the second quarter valued at about $113,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of General Electric during the first quarter valued at about $114,000. Ffcm LLC acquired a new stake in shares of General Electric during the second quarter valued at about $114,000. Finally, PHH Investments Ltd. increased its position in shares of General Electric by 105.0% during the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 54.71% of the company’s stock.

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