General Electric (NYSE:GE) received a $16.00 price target from analysts at Vertical Research in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the conglomerate’s stock. Vertical Research’s target price suggests a potential upside of 7.38% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada set a $25.00 price target on shares of General Electric and gave the company a “buy” rating in a research report on Monday, October 23rd. Citigroup set a $28.00 price target on shares of General Electric and gave the company a “buy” rating in a research report on Monday, October 23rd. Bank of America upgraded shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Monday, October 23rd. Morningstar restated a “buy” rating on shares of General Electric in a research report on Tuesday, November 14th. Finally, Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target for the company. in a research report on Wednesday, January 10th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.09.

General Electric (NYSE GE) opened at $14.90 on Tuesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53. General Electric has a 12-month low of $14.23 and a 12-month high of $30.59. The stock has a market cap of $129,210.00, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93.

General Electric (NYSE:GE) last announced its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The business had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. equities research analysts predict that General Electric will post 0.99 earnings per share for the current year.

In related news, insider Alexander Dimitrief bought 2,689 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francisco Dsouza bought 55,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 58,870 shares of company stock worth $1,049,050. 0.36% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ffcm LLC bought a new position in shares of General Electric in the second quarter valued at $114,000. MPS Loria Financial Planners LLC bought a new position in shares of General Electric in the second quarter valued at $113,000. Corbenic Partners LLC lifted 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 valued at $144,000 after buying an additional 725 shares in the last quarter. Ford Financial Group Inc. bought a new position in shares of General Electric in the fourth quarter valued at $108,000. Finally, Bristlecone Advisors LLC bought a new position in shares of General Electric in the third quarter valued at $164,000. 54.98% of the stock is currently owned by institutional investors and hedge funds.

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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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