General Electric Company (NYSE:GE)‘s stock had its “market perform” rating reiterated by research analysts at Oppenheimer in a note issued to investors on Sunday, MarketBeat.Com reports.

Shares of General Electric Company (NYSE:GE) traded down 1.22% during mid-day trading on Friday, reaching $28.24. 87,869,409 shares of the company’s stock were exchanged. General Electric Company has a one year low of $19.37 and a one year high of $31.49. The company’s 50-day moving average price is $29.92 and its 200-day moving average price is $27.76. The company’s market capitalization is $275.20 billion.

General Electric Company (NYSE:GE) last posted its earnings results on Friday, January 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. During the same period last year, the business posted $0.56 EPS. The business had revenue of $33.80 billion for the quarter, compared to analysts’ expectations of $36.02 billion. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts expect that General Electric Company will post $1.51 earnings per share for the current year.

Other large investors recently modified their holdings of the company. Fisher Asset Management raised its stake in shares of General Electric Company by 1.2% in the fourth quarter. Fisher Asset Management now owns 31,224,886 shares of the company’s stock valued at $972,655,000 after buying an additional 374,278 shares during the last quarter. Commonwealth Equity Services raised its stake in shares of General Electric Company by 1.7% in the fourth quarter. Commonwealth Equity Services now owns 4,513,957 shares of the company’s stock valued at $140,610,000 after buying an additional 75,876 shares during the last quarter. Atalanta Sosnoff Capital raised its stake in shares of General Electric Company by 4,047.6% in the fourth quarter. Atalanta Sosnoff Capital now owns 2,960,206 shares of the company’s stock valued at $92,211,000 after buying an additional 2,888,834 shares during the last quarter. Natixis Asset Management raised its stake in shares of General Electric Company by 1.2% in the third quarter. Natixis Asset Management now owns 2,884,629 shares of the company’s stock valued at $71,357,000 after buying an additional 33,950 shares during the last quarter. Finally, Shufro Rose & Company raised its stake in shares of General Electric Company by 0.5% in the fourth quarter. Shufro Rose & Company now owns 1,445,339 shares of the company’s stock valued at $45,022,000 after buying an additional 6,490 shares during the last quarter.

A number of other research analysts also recently issued reports on GE. Zacks Investment Research downgraded shares of General Electric Company from a “buy” rating to a “hold” rating in a research report on Wednesday, October 28th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of General Electric Company in a research report on Friday. Barclays lifted their price objective on shares of General Electric Company from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 5th. Vetr raised shares of General Electric Company from a “hold” rating to a “buy” rating and set a $32.26 price objective on the stock in a research report on Monday, November 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of General Electric Company in a research report on Thursday, December 17th. One 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. General Electric Company presently has an average rating of “Buy” and an average price target of $31.88.

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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