General Electric (NYSE:GE) Given New $225.00 Price Target at Bank of America

General Electric (NYSE:GE) had its target price hoisted by stock analysts at Bank of America from $200.00 to $225.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Bank of America‘s target price indicates a potential upside of 16.06% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday. UBS Group lifted their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein upped their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Price Performance

General Electric stock traded down $2.88 during midday trading on Monday, reaching $193.87. 2,801,682 shares of the stock traded hands, compared to its average volume of 6,290,573. The stock has a market cap of $209.82 billion, a P/E ratio of 34.18, a PEG ratio of 1.53 and a beta of 1.19. The stock’s fifty day moving average is $175.33 and its 200-day moving average is $175.15. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a 12 month low of $103.75 and a 12 month high of $207.65.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. As a group, equities research analysts anticipate that General Electric will post 4.23 EPS for the current year.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toth Financial Advisory Corp purchased a new stake in shares of General Electric in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in shares of General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the third quarter valued at $27,000. Hager Investment Management Services LLC purchased a new stake in General Electric in the fourth quarter valued at $27,000. Finally, Peterson Financial Group Inc. acquired a new stake in General Electric during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.