General Electric (NYSE:GE) Earns “Buy” Rating from William Blair

William Blair restated their buy rating on shares of General Electric (NYSE:GE) in a research report report published on Tuesday, TipRanks reports.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada reaffirmed a buy rating and set a $13.00 price target on shares of General Electric in a research report on Wednesday, October 30th. JPMorgan Chase & Co. set a $5.00 price objective on shares of General Electric and gave the company an underweight rating in a report on Friday, November 1st. Citigroup set a $14.00 target price on shares of General Electric and gave the stock a buy rating in a research report on Wednesday, September 4th. Zacks Investment Research raised shares of General Electric from a sell rating to a hold rating and set a $10.00 target price on the stock in a report on Friday, November 1st. Finally, Credit Suisse Group reiterated a neutral rating and issued a $11.00 price target on shares of General Electric in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $10.42.

GE opened at $11.07 on Tuesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.84 and a quick ratio of 1.60. The business has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $9.76. General Electric has a 1 year low of $6.66 and a 1 year high of $11.84. The company has a market capitalization of $95.98 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17.

General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. General Electric had a positive return on equity of 11.69% and a negative net margin of 4.39%. The firm had revenue of $23.36 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same quarter last year, the business earned $0.14 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that General Electric will post 0.61 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in GE. Ashburton Jersey Ltd bought a new stake in General Electric in the 2nd quarter valued at about $25,000. Venturi Wealth Management LLC acquired a new position in General Electric during the 3rd quarter worth approximately $25,000. Employers Holdings Inc. bought a new position in General Electric in the second quarter worth approximately $28,000. Fusion Family Wealth LLC boosted its holdings in General Electric by 10,516.0% in the second quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 2,629 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in General Electric by 307,700.0% in the second quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 3,077 shares during the period. Institutional investors own 60.22% of the company’s stock.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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Analyst Recommendations for General Electric (NYSE:GE)

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