General Electric Company (GE) Rating Reiterated by Deutsche Bank AG

General Electric Company (NYSE:GE)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank AG in a research note issued on Monday. They currently have a $21.00 price target on the conglomerate’s stock, down from their prior price target of $24.00. Deutsche Bank AG’s price objective would suggest a potential downside of 12.17% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating on shares of General Electric in a research note on Wednesday, June 14th. Vetr raised shares of General Electric from a “hold” rating to a “buy” rating and set a $28.93 target price on the stock in a research note on Wednesday, June 7th. Citigroup Inc. reissued a “buy” rating and issued a $34.00 target price (down previously from $36.00) on shares of General Electric in a research note on Monday, July 10th. UBS AG reissued a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Finally, TheStreet downgraded shares of General Electric from a “b-” rating to a “c” rating in a research note on Friday, May 19th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. General Electric has a consensus rating of “Hold” and an average price target of $29.92.

General Electric (GE) opened at 23.91 on Monday. The stock has a market cap of $207.01 billion, a PE ratio of 29.12 and a beta of 1.22. The company has a 50-day moving average of $24.99 and a 200-day moving average of $27.72. General Electric has a 12 month low of $23.58 and a 12 month high of $32.38.

General Electric (NYSE:GE) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. General Electric’s revenue was down 11.8% on a year-over-year basis. On average, equities analysts forecast that General Electric will post $1.56 EPS for the current fiscal year.

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In other General Electric news, insider Alexander Dimitrief bought 1,845 shares of the company’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the acquisition, the insider now directly owns 65,597 shares in the company, valued at $1,675,347.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Tisch bought 100,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 233,253 shares of company stock worth $5,860,264. 0.36% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Ullmann Financial Group Inc. bought a new stake in shares of General Electric in the 1st quarter valued at about $106,000. Feltz Wealth PLAN Inc. bought a new stake in shares of General Electric in the 1st quarter valued at about $114,000. Ffcm LLC bought a new stake in shares of General Electric in the 2nd quarter valued at about $114,000. PHH Investments Ltd. boosted its holdings in shares of General Electric by 105.0% in the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after buying an additional 2,000 shares in the last quarter. Finally, Corbenic Partners LLC boosted its holdings in shares of General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares in the last quarter. Institutional investors own 54.78% of the company’s stock.

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