General Electric (NYSE:GE) Price Target Raised to $225.00

General Electric (NYSE:GE) had its price target upped by analysts at Wells Fargo & Company from $210.00 to $225.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 32.82% from the company’s current price.

GE has been the topic of several other reports. Bank of America increased their target price on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their target price on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group increased their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada cut their target price on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Melius Research increased their target price on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.93.

General Electric Price Performance

NYSE:GE traded down $1.87 during trading hours on Wednesday, reaching $169.40. 1,260,061 shares of the company traded hands, compared to its average volume of 6,101,229. The firm’s 50-day moving average is $181.76 and its 200-day moving average is $172.48. The stock has a market cap of $183.34 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a 1-year low of $95.92 and a 1-year high of $194.80.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts expect that General Electric will post 4.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On General Electric

Hedge funds have recently made changes to their positions in the business. Studio Investment Management LLC raised its holdings in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in General Electric during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the third quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. acquired a new position in General Electric in the third quarter worth approximately $28,000. Institutional investors own 74.77% of the company’s stock.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.