Other research analysts have also recently issued research reports about the stock. William Blair reaffirmed a buy rating on shares of General Electric in a report on Friday, August 16th. Royal Bank of Canada reissued a buy rating and set a $13.00 price objective on shares of General Electric in a research note on Wednesday, October 30th. Morgan Stanley started coverage on General Electric in a research note on Thursday, September 5th. They set an equal weight rating and a $10.00 price objective for the company. Deutsche Bank raised their price target on General Electric from $9.00 to $11.00 in a report on Thursday, October 31st. Finally, Zacks Investment Research upgraded shares of General Electric from a sell rating to a hold rating and set a $10.00 price objective on the stock in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $10.35.
NYSE GE opened at $10.99 on Tuesday. The firm has a market cap of $98.43 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17. The company has a quick ratio of 1.60, a current ratio of 1.84 and a debt-to-equity ratio of 2.67. The company’s 50 day moving average is $10.47 and its 200-day moving average is $9.76. General Electric has a 12-month low of $6.66 and a 12-month high of $11.84.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in General Electric by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 648,159,140 shares of the conglomerate’s stock valued at $6,805,671,000 after acquiring an additional 8,989,832 shares during the period. BlackRock Inc. grew its holdings in General Electric by 1.9% in the second quarter. BlackRock Inc. now owns 512,742,827 shares of the conglomerate’s stock worth $5,383,800,000 after purchasing an additional 9,483,976 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of General Electric by 26.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 365,565,828 shares of the conglomerate’s stock valued at $3,838,441,000 after purchasing an additional 76,193,032 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of General Electric by 0.3% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 112,158,363 shares of the conglomerate’s stock valued at $1,177,663,000 after purchasing an additional 364,061 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of General Electric by 0.5% during the second quarter. Northern Trust Corp now owns 102,577,946 shares of the conglomerate’s stock valued at $1,077,069,000 after purchasing an additional 498,587 shares in the last quarter. 60.22% of the stock is owned by hedge funds and other institutional investors.
General Electric Company Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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