General Electric (GE) Stock Rating Reaffirmed by JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their underweight rating on shares of General Electric (NYSE:GE) in a report published on Monday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a $14.00 target price on the conglomerate’s stock, down from their previous target price of $16.00.
A number of other brokerages have also recently commented on GE. Vertical Research set a $18.00 price target on shares of General Electric and gave the stock a hold rating in a research note on Tuesday, January 16th. UBS Group initiated coverage on shares of General Electric in a research note on Tuesday, January 23rd. They set a neutral rating and a $17.00 price target for the company. TheStreet cut shares of General Electric from a c rating to a d+ rating in a research note on Wednesday, January 24th. Citigroup set a $25.00 price objective on shares of General Electric and gave the stock a buy rating in a report on Tuesday, November 14th. Finally, Goldman Sachs Group set a $22.00 price objective on shares of General Electric and gave the stock a neutral rating in a report on Tuesday, November 14th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $21.09.
General Electric (NYSE GE) opened at $14.90 on Monday. The company has a market cap of $129,210.00, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.78 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86. General Electric has a one year low of $14.23 and a one year high of $30.59.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s dividend payout ratio is currently 44.44%.
In related news, Director Francisco Dsouza purchased 55,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of $17.94 per share, with a total value of $986,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander Dimitrief purchased 2,689 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $16.16 per share, with a total value of $43,454.24. Following the acquisition, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The disclosure for this purchase can be found here. In the last three months, insiders purchased 58,870 shares of company stock valued at $1,049,050. 0.36% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of GE. Ffcm LLC acquired a new stake in General Electric during the 2nd quarter worth $114,000. MPS Loria Financial Planners LLC acquired a new stake in General Electric during the 2nd quarter worth $113,000. Corbenic Partners LLC grew its holdings in General Electric by 15.7% during the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after acquiring an additional 725 shares during the period. Ford Financial Group Inc. acquired a new stake in General Electric during the 4th quarter worth $108,000. Finally, Bristlecone Advisors LLC acquired a new stake in General Electric during the 3rd quarter worth $164,000. 54.98% of the stock is owned by institutional investors and hedge funds.
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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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