JPMorgan Chase & Co. reaffirmed their sell rating on shares of General Electric (NYSE:GE) in a report published on Thursday. JPMorgan Chase & Co. currently has a $10.00 price target on the conglomerate’s stock.
A number of other research analysts have also recently commented on the company. Credit Suisse Group began coverage on General Electric in a research report on Friday, October 12th. They issued a neutral rating and a $14.00 price target on the stock. Gordon Haskett began coverage on General Electric in a research report on Friday, October 12th. They issued a sell rating on the stock. Citigroup decreased their price target on General Electric from $21.00 to $19.00 and set a neutral rating on the stock in a research report on Tuesday, October 9th. Barclays upgraded General Electric from an equal weight rating to an overweight rating and set a $16.00 price target on the stock in a research report on Monday, October 8th. Finally, Morningstar set a $16.10 price target on General Electric and gave the stock a buy rating in a research report on Monday, October 8th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $15.94.
Shares of NYSE GE traded down $0.50 during mid-day trading on Thursday, reaching $11.30. The company had a trading volume of 117,565,609 shares, compared to its average volume of 77,083,039. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.51 and a current ratio of 1.81. General Electric has a one year low of $11.17 and a one year high of $21.30. The stock has a market capitalization of $107.49 billion, a P/E ratio of 10.76, a PEG ratio of 2.42 and a beta of 0.96.
Institutional investors have recently added to or reduced their stakes in the business. Fusion Family Wealth LLC grew its holdings in shares of General Electric by 153.3% during the second quarter. Fusion Family Wealth LLC now owns 8,264 shares of the conglomerate’s stock worth $112,000 after purchasing an additional 5,002 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new stake in shares of General Electric during the first quarter worth about $116,000. Beech Hill Advisors Inc. bought a new stake in shares of General Electric during the third quarter worth about $119,000. Archford Capital Strategies LLC bought a new stake in shares of General Electric during the first quarter worth about $121,000. Finally, Barry Investment Advisors LLC bought a new stake in shares of General Electric during the third quarter worth about $128,000. Hedge funds and other institutional investors own 53.75% of the company’s stock.
General Electric Company Profile
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.
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