General Electric (NYSE:GE) Research Coverage Started at Sanford C. Bernstein

Stock analysts at Sanford C. Bernstein began coverage on shares of General Electric (NYSE:GE) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $201.00 price target on the conglomerate’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 21.56% from the stock’s previous close.

GE has been the topic of a number of other research reports. Royal Bank of Canada raised their price objective on shares of General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Wells Fargo & Company raised their target price on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays boosted their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, UBS Group raised their price objective on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and an average price target of $191.14.

General Electric Stock Up 2.6 %

Shares of General Electric stock opened at $165.35 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. General Electric has a 1-year low of $84.42 and a 1-year high of $177.20. The business’s fifty day moving average price is $165.91 and its two-hundred day moving average price is $163.48. The company has a market capitalization of $180.99 billion, a P/E ratio of 54.21, a PEG ratio of 1.60 and a beta of 1.18.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.21. The business had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, research analysts forecast that General Electric will post 4.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC increased its stake in General Electric by 2.7% in the 4th quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock valued at $28,821,000 after buying an additional 5,997 shares during the period. Vanguard Group Inc. increased its stake in shares of General Electric by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate’s stock worth $11,288,136,000 after acquiring an additional 550,996 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of General Electric by 3.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 288,224 shares of the conglomerate’s stock worth $36,786,000 after acquiring an additional 8,788 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of General Electric by 25.4% during the second quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate’s stock worth $2,702,000 after acquiring an additional 3,442 shares in the last quarter. Finally, Makena Capital Management LLC boosted its position in General Electric by 26.2% during the fourth quarter. Makena Capital Management LLC now owns 149,855 shares of the conglomerate’s stock valued at $19,126,000 after purchasing an additional 31,107 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

About General Electric

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.