General Electric’s (GE) “Neutral” Rating Reiterated at Goldman Sachs

Goldman Sachs reissued their neutral rating on shares of General Electric (NYSE:GE) in a research report released on Tuesday. They currently have a $14.00 price target on the conglomerate’s stock.

GE has been the topic of a number of other research reports. Morningstar set a $23.50 price objective on General Electric and gave the company a buy rating in a report on Tuesday, January 23rd. Citigroup lowered their price objective on General Electric from $24.00 to $23.00 and set a buy rating on the stock in a report on Thursday, January 25th. Stifel Nicolaus set a $18.00 price target on General Electric and gave the stock a neutral rating in a research note on Monday, December 11th. Cowen reissued a market perform rating and set a $15.00 price target (down previously from $17.00) on shares of General Electric in a research note on Monday, February 26th. Finally, UBS began coverage on General Electric in a research note on Tuesday, January 23rd. They set a neutral rating and a $17.00 price target on the stock. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $17.86.

Shares of GE opened at $13.49 on Tuesday. General Electric has a twelve month low of $12.73 and a twelve month high of $30.54. The company has a market capitalization of $114,436.36, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87.



General Electric (NYSE:GE) last announced its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The business had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. During the same period in the prior year, the firm posted $0.46 EPS. General Electric’s revenue for the quarter was down 5.1% compared to the same quarter last year. analysts expect that General Electric will post 0.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.56%. General Electric’s dividend payout ratio is currently 45.71%.

In related news, insider Alexander Dimitrief acquired 2,689 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.12% of the company’s stock.

Several institutional investors have recently modified their holdings of GE. Franklin Resources Inc. raised its holdings in General Electric by 64.6% in the 4th quarter. Franklin Resources Inc. now owns 184,682,929 shares of the conglomerate’s stock valued at $3,222,649,000 after acquiring an additional 72,489,551 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in General Electric by 4,215.4% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock valued at $1,308,727,000 after acquiring an additional 52,870,164 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in General Electric by 167.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 62,730,118 shares of the conglomerate’s stock valued at $1,094,640,000 after acquiring an additional 39,268,675 shares during the last quarter. American International Group Inc. raised its holdings in General Electric by 823.5% in the 4th quarter. American International Group Inc. now owns 27,837,013 shares of the conglomerate’s stock valued at $485,756,000 after acquiring an additional 24,822,828 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in General Electric by 3.9% in the 2nd quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after acquiring an additional 19,422,516 shares during the last quarter. Hedge funds and other institutional investors own 56.30% of the company’s stock.

TRADEMARK VIOLATION WARNING: “General Electric’s (GE) “Neutral” Rating Reiterated at Goldman Sachs” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://dakotafinancialnews.com/2018/04/14/general-electrics-ge-neutral-rating-reiterated-at-goldman-sachs.html.

About General Electric

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

Analyst Recommendations for General Electric (NYSE:GE)

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.

Leave a Reply