Deutsche Bank Aktiengesellschaft Trims General Electric (NYSE:GE) Target Price to $107.00

General Electric (NYSE:GEGet Rating) had its target price lowered by Deutsche Bank Aktiengesellschaft from $118.00 to $107.00 in a research report released on Wednesday morning, The Fly reports.

GE has been the topic of several other research reports. Zacks Investment Research upgraded shares of General Electric from a sell rating to a hold rating and set a $94.00 price target on the stock in a research report on Monday, March 7th. StockNews.com initiated coverage on shares of General Electric in a research report on Thursday, March 31st. They set a hold rating on the stock. Barclays dropped their price target on shares of General Electric from $116.00 to $115.00 and set an overweight rating on the stock in a research report on Tuesday, March 29th. Sanford C. Bernstein began coverage on shares of General Electric in a report on Monday, January 10th. They set an outperform rating and a $120.00 price objective on the stock. Finally, The Goldman Sachs Group reaffirmed a buy rating and set a $124.00 price objective on shares of General Electric in a report on Wednesday, January 26th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $117.69.

GE stock opened at $74.55 on Wednesday. The firm has a market cap of $82.05 billion, a PE ratio of -16.28, a P/E/G ratio of 3.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 1.19. The firm’s fifty day moving average is $90.99 and its 200 day moving average is $96.48. General Electric has a one year low of $74.35 and a one year high of $116.17.

General Electric (NYSE:GEGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The conglomerate reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The company had revenue of $17.04 billion for the quarter, compared to analyst estimates of $16.92 billion. General Electric had a negative net margin of 6.43% and a positive return on equity of 6.41%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. Research analysts predict that General Electric will post 3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 25th. Stockholders of record on Tuesday, March 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, March 7th. General Electric’s dividend payout ratio is currently -6.99%.

Several large investors have recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of General Electric by 39.4% in the fourth quarter. Capital Research Global Investors now owns 53,968,728 shares of the conglomerate’s stock worth $5,098,427,000 after buying an additional 15,251,142 shares in the last quarter. State Street Corp raised its stake in General Electric by 0.6% during the fourth quarter. State Street Corp now owns 43,496,942 shares of the conglomerate’s stock worth $4,112,580,000 after purchasing an additional 255,566 shares during the period. Morgan Stanley raised its stake in General Electric by 5.7% during the second quarter. Morgan Stanley now owns 41,344,433 shares of the conglomerate’s stock worth $556,497,000 after purchasing an additional 2,238,808 shares during the period. Geode Capital Management LLC raised its stake in General Electric by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 17,674,014 shares of the conglomerate’s stock worth $1,664,776,000 after purchasing an additional 513,385 shares during the period. Finally, Pzena Investment Management LLC raised its stake in General Electric by 8.4% during the fourth quarter. Pzena Investment Management LLC now owns 11,033,492 shares of the conglomerate’s stock worth $1,042,334,000 after purchasing an additional 852,849 shares during the period. 70.28% of the stock is currently owned by hedge funds and other institutional investors.

About General Electric (Get Rating)

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.

See Also

The Fly logo

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.