General Electric (NYSE:GE) Receives “Neutral” Rating from Credit Suisse Group

General Electric (NYSE:GE)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse Group in a research report issued on Tuesday, Borsen Zeitung reports. They presently have a $11.00 target price on the conglomerate’s stock. Credit Suisse Group’s target price suggests a potential upside of 0.09% from the stock’s previous close.

GE has been the subject of a number of other research reports. Deutsche Bank lifted their target price on shares of General Electric from $9.00 to $11.00 in a research note on Thursday, October 31st. William Blair reaffirmed a “buy” rating on shares of General Electric in a research report on Friday, August 16th. Barclays reaffirmed a “buy” rating and set a $12.00 price target on shares of General Electric in a research report on Friday, October 4th. ValuEngine downgraded General Electric from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. set a $5.00 price objective on General Electric and gave the stock an “underweight” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.35.

NYSE:GE opened at $10.99 on Tuesday. The company has a market capitalization of $98.43 billion, a PE ratio of 16.91, a P/E/G ratio of 2.74 and a beta of 1.17. The company has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $9.76. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.60 and a current ratio of 1.84. General Electric has a fifty-two week low of $6.66 and a fifty-two week high of $11.84.

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

A number of large investors have recently made changes to their positions in the business. Schnieders Capital Management LLC boosted its position in General Electric by 6.0% in the second quarter. Schnieders Capital Management LLC now owns 18,573 shares of the conglomerate’s stock worth $195,000 after purchasing an additional 1,050 shares during the last quarter. Monarch Capital Management Inc. raised its stake in shares of General Electric by 0.7% during the 2nd quarter. Monarch Capital Management Inc. now owns 165,752 shares of the conglomerate’s stock worth $1,740,000 after purchasing an additional 1,100 shares during the period. Lee Danner & Bass Inc. raised its stake in shares of General Electric by 1.1% during the 2nd quarter. Lee Danner & Bass Inc. now owns 105,328 shares of the conglomerate’s stock worth $1,106,000 after purchasing an additional 1,105 shares during the period. Ironwood Investment Counsel LLC raised its stake in shares of General Electric by 0.7% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 169,570 shares of the conglomerate’s stock worth $1,780,000 after purchasing an additional 1,132 shares during the period. Finally, Old Port Advisors boosted its holdings in shares of General Electric by 1.0% in the 3rd quarter. Old Port Advisors now owns 118,078 shares of the conglomerate’s stock worth $1,012,000 after buying an additional 1,196 shares during the last quarter. Institutional investors and hedge funds 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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