General Electric Company (GE) PT Set at $25.00 by Citigroup Inc.

General Electric Company (NYSE:GE) has been given a $25.00 target price by equities researchers at Citigroup Inc. in a report issued on Tuesday. The firm currently has a “buy” rating on the conglomerate’s stock. Citigroup Inc.’s target price would suggest a potential upside of 36.91% from the stock’s current price.

GE has been the subject of a number of other reports. J P Morgan Chase & Co lowered their price objective on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. UBS AG reissued a “buy” rating and set a $31.00 price objective (down from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Bank of America Corporation upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, October 23rd. Royal Bank Of Canada set a $25.00 target price on General Electric and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Vetr upgraded General Electric from a “buy” rating to a “strong-buy” rating and set a $23.28 target price for the company in a research note on Monday, October 30th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.84.

General Electric (GE) opened at $18.26 on Tuesday. The firm has a market capitalization of $158,310.00, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11. 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 has a 52-week low of $17.46 and a 52-week high of $32.38.

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

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In related news, Director James S. Tisch purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Peak Financial Management Inc. grew its holdings in General Electric by 0.3% during the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 25 shares during the period. BerganKDV Wealth Management LLC grew its holdings in General Electric by 0.3% during the second quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock worth $319,000 after acquiring an additional 36 shares during the period. Puplava Financial Services Inc. grew its holdings in General Electric by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock worth $303,000 after acquiring an additional 41 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in General Electric by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock worth $557,000 after acquiring an additional 67 shares during the period. Finally, Northwest Wealth Management LLC grew its holdings in General Electric by 0.8% during the second quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock worth $254,000 after acquiring an additional 75 shares during the period. 54.29% of the stock is currently owned by hedge funds and other institutional investors.

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