General Electric (NYSE:GE) Receives Consensus Rating of "Buy" from Brokerages

Shares of General Electric (NYSE:GE - Get Free Report) have earned a consensus rating of "Buy" from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Fourteen analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $212.73.

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Several analysts have recently weighed in on GE shares. Wells Fargo & Company decreased their target price on General Electric from $250.00 to $203.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Citigroup reduced their price target on General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday. Northcoast Research upgraded shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday. Finally, Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock.

Check Out Our Latest Stock Report on General Electric

General Electric Trading Up 0.1 %

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Shares of NYSE GE opened at $181.60 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 52-week low of $146.78 and a 52-week high of $214.21. The company has a market cap of $194.91 billion, a PE ratio of 30.32, a P/E/G ratio of 2.59 and a beta of 1.04. The firm's 50 day moving average price is $198.36 and its 200-day moving average price is $186.59.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

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The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is 24.04%.

Institutional Investors Weigh In On General Electric

Several hedge funds have recently made changes to their positions in the stock. New Age Alpha Advisors LLC raised its holdings in shares of General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after buying an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in General Electric during the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of General Electric in the 4th quarter valued at about $28,000. Putney Financial Group LLC bought a new stake in shares of General Electric in the fourth quarter worth $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in General Electric during the fourth quarter worth about $29,000. 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.

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