General Electric Company (NYSE:GE) stock is presently standing at about $31.37 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 14 analysts covering the company is $35.50, which suggests the stock could still rise over 12 percent. The highest analyst price target is $40.00, which implies a rally of 72 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 5 rate GE a strong buy. There are 6 equity research firms advocating a Hold and 0 consider it Sell.
Bernstein analysts provided their view on General Electric Company (NYSE:GE) recently. The rating firm issued a Outperform rating to this company in a research note released on Dec 16, 2016. Standpoint Research analysts disclosed their opinion on General Electric Company (NYSE:GE) recently. The rating firm gave a Sell rating to this stock in a research note published on Jul 22, 2016. According to a research note disclosed on Apr 04, 2016, analysts at Bernstein have lowered their rating on these shares from Outperform to Mkt Perform.
General Electric Company (NYSE:GE) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Chairman and CEO IMMELT JEFFREY R Purchased 50,000 company shares for $1462000, in a transaction on 2016-11-09. Following the transaction, the Chairman and CEO is left with a stake of 1462 shares, currently valued at $45863. Meanwhile, Chairman and CEO IMMELT JEFFREY R purchased 50,000 shares worth $1572000.5, through a transaction dated 2016-07-26. Following the completion of the transaction, the insider is left with a stake of 2,230,759 shares, amounting $69978909.83. GE Chairman and CEO IMMELT JEFFREY R also purchased 67,600 shares, at a stock price of $29.59. This transaction occurred on 2016-05-20 totals $2000000.28. After this transaction, the insider’s stake stands at 2,190,764 shares, with a market value of $68724267.
Executives hold 0.14 percent of the stock. Jeffrey R. Immelt is one of the biggest insider owners in General Electric Company (NYSE:GE), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 2,248,688 shares which have current market value of around $70541342.56.Mr. Robert C. Wright is another major inside shareholder in the company. The insider owns 1,483,589 shares as of less than 0.1%, currently worth $46540186.93. Michael A. Neal is ranked as third insider holder of the stock. This insider holds 1,075,800 shares with a market value around $33747846 as of recent close.
General Electric Company (NYSE:GE) Earnings Outlook
In General Electric Company (NYSE:GE)’s latest quarter, EPS moved to $0.32 from $0.51 in preceding quarter and revenues reached at $29,266.00M compared to $33,494.00M. Analysts had expected General Electric Company (NYSE:GE) to post net income of about $0.30 per share on $29,636.40M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.32 to $0.50. That is compared with the $0.52 in EPS it reported during the same period a year ago.