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.
Get
General Electric alerts:
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
The business also recently announced a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Tuesday, June 28th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, June 27th. General Electric's dividend payout ratio (DPR) is presently -7.55%.
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
- Get a free copy of the StockNews.com research report on General Electric (GE)
- Electric Vehicles Can Drive Alcoa Stock Higher
- Can Airbnb Still Thrive in a Recession?
- What to Expect from the Markets in a Recession
- ConocoPhillips Shares Advance On Strong Q2 Revenue
- MarketBeat: Week in Review 8/1 – 8/5
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.
