According to Holdings Channel, Tsfg LLC took a new stake in General Electric stock (NYSE:GE) in the second quarter. The fund paid around $64,000 for 1,000 shares of GE stock (NYSE:GE).
Recently, a number of additional institutional investors and hedge funds have modified their stakes in the company.
General Electric Stock Is Down 2.1%.
On Thursday, GE stock (NYSE:GE) started at $65.22. The 12-month low for General Electric is $59.93, and the 12-month high is $116.17. The debt-to-equity ratio is 0.77, the current ratio is 1.13, and the quick ratio is 0.80. The company’s 50-day moving average is $72.83, and its 200-day moving average is $77.23.
On Tuesday, July 26th, General Electric (NYSE:GE) released its quarterly earnings results. The company earned $0.78 per share for the quarter, exceeding analysts’ expected projections of $0.38 by $0.40. During the quarter, the company’s sales were $18.65 billion, compared to the average expectation of $17.90 billion. General Electric had a 7.50% positive return on equity and a 5.94% negative net margin.
The New General Electric Stock Price Targets Set by Analysts
GE stock (NYSE:GE) has been discussed by many brokerage firms (NYSE:GE). In a research report on Friday, July 8th, Barclays reduced their price objective on GE stock (NYSE:GE) from $96.00 to $81.00 and gave the company an “overweight” rating. In research issued on Wednesday, July 27th, Deutsche Bank Aktiengesellschaft cut their target price on GE stock (NYSE:GE) from $90.00 to $88.00. In a research report issued on Thursday, August 4th, UBS Group reduced their price target on GE stock (NYSE:GE) from $113.00 to $87.00 and assigned the stock a “buy” rating. In a research report issued on Thursday, June 23rd, Goldman Sachs Group reduced their target price for General Electric from $108.00 to $82.00 and assigned the company a “buy” rating. Finally, in a report on Wednesday, July 27th, Credit Suisse Group decreased their target price on GE stock (NYSE:GE) from $86.00 to $84.00 and assigned the company an “outperform” rating. The stock has a hold rating from three research analysts and a buy rating from eleven.MarketBeat reports that the company has a consensus rating of “Moderate Buy” with a price target of $99.15.
The General Electric Company
General Electric Company is a high-tech industrial conglomerate with operations in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates in four business segments: power, renewable energy, aviation, and healthcare. For power generating, industrial, government, and other clients, the Power business provides gas and steam turbines, comprehensive balance of plant, upgrade, service solutions, and data-leveraging software.
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Author Okoro Chinedu 
