UBS Group Analysts Give General Electric (GE) a $16.00 Price Target

UBS Group set a $16.00 price objective on General Electric (NYSE:GE) in a research report released on Wednesday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the conglomerate’s stock.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. reiterated a sell rating and set a $16.00 price objective (down from $17.00) on shares of General Electric in a report on Monday, January 8th. Goldman Sachs Group set a $22.00 price objective on General Electric and gave the stock a neutral rating in a report on Tuesday, November 14th. Citigroup decreased their price objective on General Electric from $24.00 to $23.00 and set a buy rating for the company in a report on Thursday, January 25th. Morningstar set a $23.50 price objective on General Electric and gave the stock a buy rating in a report on Tuesday, January 23rd. Finally, Bank of America downgraded General Electric from a buy rating to a neutral rating and set a $17.00 price objective for the company. in a report on Monday, January 22nd. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $18.44.

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General Electric (NYSE GE) opened at $14.94 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $129,720.00, a PE ratio of -49.80, a P/E/G ratio of 2.83 and a beta of 1.00. General Electric has a fifty-two week low of $13.95 and a fifty-two week high of $30.54.

General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $31.40 billion for the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. analysts anticipate that General Electric will post 0.99 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be given a $0.12 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. General Electric’s payout ratio is -160.00%.

In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $16.16 per share, with a total value of $43,454.24. Following the completion of the transaction, the insider now directly owns 81,185 shares in the company, valued at approximately $1,311,949.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ford Financial Group Inc. acquired a new stake in General Electric during the 4th quarter worth approximately $108,000. MPS Loria Financial Planners LLC acquired a new stake in General Electric during the 2nd quarter worth approximately $113,000. Ffcm LLC acquired a new stake in General Electric during the 2nd quarter worth approximately $114,000. Santori & Peters Inc. acquired a new stake in General Electric during the 4th quarter worth approximately $120,000. Finally, Avestar Capital LLC acquired a new stake in General Electric during the 4th quarter worth approximately $137,000. 55.54% of the stock is owned by institutional investors.

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About General Electric

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

Analyst Recommendations for General Electric (NYSE:GE)

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