General Electric Company (NYSE:GE) had its target price dropped by analysts at RBC Capital from $34.00 to $33.00 in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 16.86% from the stock’s previous close.

A number of institutional investors recently bought and sold shares of GE. Beacon Capital Management boosted its position in General Electric Company by 50.2% in the fourth quarter. Beacon Capital Management now owns 449 shares of the company’s stock worth $14,000 after buying an additional 150 shares in the last quarter. Lowe FS boosted its stake in shares of General Electric Company by 155.3% in the third quarter. Lowe FS now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 789 shares during the period. Simplex Trading boosted its stake in shares of General Electric Company by 25.5% in the fourth quarter. Simplex Trading now owns 2,311 shares of the company’s stock worth $376,000 after buying an additional 470 shares during the period. Leith Wheeler Investment Counsel acquired a new stake in shares of General Electric Company during the fourth quarter worth approximately $201,000. Finally, D. Scott Neal acquired a new stake in shares of General Electric Company during the fourth quarter worth approximately $229,000.

General Electric Company (NYSE:GE) opened at 28.24 on Monday. General Electric Company has a 52-week low of $19.37 and a 52-week high of $31.49. The company’s market capitalization is $275.20 billion. The firm has a 50-day moving average of $29.92 and a 200 day moving average of $27.76.

General Electric Company (NYSE:GE) last posted its quarterly earnings results on Friday, January 22nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business earned $33.80 billion during the quarter. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. Equities analysts predict that General Electric Company will post $1.51 earnings per share for the current fiscal year.

Several other equities research analysts have also commented on the stock. Deutsche Bank restated a “hold” rating and issued a $28.00 price target on shares of General Electric Company in a report on Monday. Oppenheimer reiterated a “market perform” rating on shares of General Electric Company in a research note on Sunday. Sanford C. Bernstein reiterated a “buy” rating and set a $33.00 price objective on shares of General Electric Company in a research note on Friday. William Blair reiterated an “outperform” rating and set a $38.00 price objective on shares of General Electric Company in a research note on Thursday. Finally, Citigroup Inc. initiated coverage on shares of General Electric Company in a research note on Thursday. They set a “buy” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.82.

General Electric Company (NYSE:GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

12 Month Chart for NYSE:GE

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