Several brokerages have updated their recommendations and price targets on shares of General Electric (NYSE: GE) in the last few weeks:

• 8/4/2022 – General Electric had its price target lowered by analysts at UBS Group AG from $113.00 to $87.00. They now have a "buy" rating on the stock.
• 7/27/2022 – General Electric had its price target raised by analysts at Wells Fargo & Company to $73.00. They now have an "outperform" rating on the stock.
• 7/27/2022 – General Electric had its price target lowered by analysts at Credit Suisse Group AG from $86.00 to $84.00. They now have an "outperform" rating on the stock.
• 7/27/2022 – General Electric had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $88.00.
• 7/19/2022 – General Electric was given a new $86.00 price target on by analysts at Credit Suisse Group AG.
• 7/13/2022 – General Electric had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $107.00 to $90.00. They now have a "buy" rating on the stock.
• 7/12/2022 – General Electric had its price target lowered by analysts at Morgan Stanley from $100.00 to $95.00. They now have an "overweight" rating on the stock.
• 7/12/2022 – General Electric had its price target lowered by analysts at Wells Fargo & Company from $74.00 to $72.00. They now have an "equal weight" rating on the stock.
• 7/8/2022 – General Electric had its price target lowered by analysts at Barclays PLC from $96.00 to $81.00. They now have an "overweight" rating on the stock.
• 6/29/2022 – General Electric had its price target lowered by analysts at Wells Fargo & Company from $84.00 to $74.00. They now have an "equal weight" rating on the stock.
• 6/23/2022 – General Electric had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $108.00 to $82.00. They now have a "buy" rating on the stock.

General Electric Price Performance

Shares of NYSE:GE opened at $74.36 on Monday. The company has a market capitalization of $81.54 billion, a PE ratio of -17.54, a PEG ratio of 3.88 and a beta of 1.11. The business has a fifty day moving average price of $68.90 and a 200-day moving average price of $81.90. General Electric has a 1-year low of $59.93 and a 1-year high of $116.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.80.

General Electric (NYSE:GE – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.40. General Electric had a negative net margin of 5.94% and a positive return on equity of 7.50%. The company had revenue of $18.65 billion during the quarter, compared to the consensus estimate of $17.90 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts expect that General Electric will post 2.74 EPS for the current fiscal year.

General Electric Announces Dividend

Institutional Investors Weigh In On General Electric

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Missouri Trust & Investment Co purchased a new stake in General Electric in the fourth quarter worth about $27,000. Benjamin Edwards Inc. boosted its position in shares of General Electric by 325.0% in the fourth quarter. Benjamin Edwards Inc. now owns 289 shares of the conglomerate's stock worth $27,000 after purchasing an additional 221 shares during the period. Tcwp LLC purchased a new stake in shares of General Electric in the first quarter worth $28,000. James Investment Research Inc. bought a new stake in shares of General Electric during the 2nd quarter valued at $28,000. Finally, Covestor Ltd purchased a new position in shares of General Electric during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 67.37% of the company's stock.

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

Further Reading

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