General Electric Company (GE) Given a $22.00 Price Target at Goldman Sachs Group, Inc. (The)

General Electric Company (NYSE:GE) has been given a $22.00 price objective by equities researchers at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “neutral” rating on the conglomerate’s stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 21.18% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada restated a “buy” rating and issued a $31.00 target price on shares of General Electric in a research note on Friday, September 15th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price on the stock. in a research note on Wednesday, September 13th. UBS AG restated a “buy” rating and issued a $31.00 target price (down from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Stifel Nicolaus dropped their target price on shares of General Electric from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, July 25th. Finally, Citigroup Inc. restated a “buy” rating and issued a $31.00 target price (down from $34.00) on shares of General Electric in a research note on Monday, July 24th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.25.

Shares of General Electric (NYSE GE) traded down $0.86 during trading hours on Tuesday, reaching $18.16. 38,873,029 shares of the company traded hands, compared to its average volume of 42,257,457. The company has a market cap of $164,940.00, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. General Electric has a one year low of $18.75 and a one year high of $32.38. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. analysts predict that General Electric will post 1.06 earnings per share for the current fiscal year.

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In other news, Director James S. Tisch purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Ullmann Financial Group Inc. acquired a new stake in General Electric during the first quarter valued at $106,000. PHH Investments Ltd. grew its position in shares of General Electric by 105.0% in the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 2,000 shares during the period. Ffcm LLC acquired a new stake in shares of General Electric in the second quarter valued at about $114,000. MPS Loria Financial Planners LLC acquired a new stake in shares of General Electric in the second quarter valued at about $113,000. Finally, Corbenic Partners LLC grew its position in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 725 shares during the period. Institutional investors own 54.29% of the company’s stock.

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