General Electric (NYSE:GE) Receives a Higher Rating From RBC Capital. Will Other Analysts Follow Suit?

October 2, 2018 - By Linda Rogers

General Electric Company (NYSE:GE) Logo

Investors sentiment increased to 0.59 in Q2 2018. Its up 0.04, from 0.55 in 2018Q1. It is positive, as 95 investors sold General Electric Company shares while 758 reduced holdings. 122 funds opened positions while 381 raised stakes. 4.51 billion shares or 0.71% less from 4.54 billion shares in 2018Q1 were reported.

Texas Permanent School Fund has invested 0.39% in General Electric Company (NYSE:GE). Macnealy Hoover Investment Mngmt Inc stated it has 1.17% of its portfolio in General Electric Company (NYSE:GE). Asset Management Lc holds 3.58% or 310,392 shares in its portfolio. Blair William & Com Il holds 0.14% of its portfolio in General Electric Company (NYSE:GE) for 1.50M shares. Howe & Rusling Incorporated accumulated 0.21% or 86,451 shares. Pinnacle Wealth Mgmt Advisory Group invested in 0.12% or 15,811 shares. Bragg Financial stated it has 0.37% of its portfolio in General Electric Company (NYSE:GE). Doheny Asset Mgmt Ca owns 45,275 shares. Fairpointe Capital Ltd Limited Liability Company accumulated 44,300 shares or 0.01% of the stock. Fairview Investment Management Limited Liability has invested 0.02% of its portfolio in General Electric Company (NYSE:GE). Jfs Wealth Ltd Liability Corp reported 11,815 shares. Novare Cap Mngmt Ltd Liability owns 27,931 shares. Arizona-based Mutual Of Omaha Bancshares Wealth Mngmt has invested 0.34% in General Electric Company (NYSE:GE). Rocky Mountain Advisers Ltd Limited Liability Company reported 2,989 shares. Gateway Investment Advisers Llc stated it has 0.55% of its portfolio in General Electric Company (NYSE:GE).

Since July 24, 2018, it had 1 insider purchase, and 0 selling transactions for $2.49 million activity.

General Electric (NYSE:GE) Stock Upgrade

General Electric (NYSE:GE) was upgraded by RBC Capital from a “Sector Perform” rating to a more respectable “Outperform” rating in an analyst report issued to clients earlier today. They currently have a $15 PT on the stock, which would indicate a possible upside of 24.07 % from the current price of the stock.

General Electric Company (NYSE:GE) Ratings Coverage

Among 12 analysts covering General Electric (NYSE:GE), 2 have Buy rating, 1 Sell and 9 Hold. Therefore 17% are positive. General Electric has $21 highest and $1100 lowest target. $14.50’s average target is 19.93% above currents $12.09 stock price. General Electric had 16 analyst reports since April 3, 2018 according to SRatingsIntel. The company was maintained on Monday, May 21 by CFRA. The firm earned “Hold” rating on Thursday, July 12 by Deutsche Bank. The stock has “Sell” rating by J.P. Morgan on Monday, April 9. The firm has “Hold” rating given on Wednesday, April 11 by Cowen & Co. As per Friday, April 27, the company rating was maintained by Stifel Nicolaus. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, June 26 by CFRA. J.P. Morgan maintained the stock with “Sell” rating in Wednesday, May 30 report. The rating was maintained by Bank of America with “Neutral” on Friday, July 27. UBS maintained General Electric Company (NYSE:GE) rating on Wednesday, September 5. UBS has “Neutral” rating and $13 target. The firm has “Hold” rating given on Tuesday, April 3 by Stifel Nicolaus.

The stock increased 7.09% or $0.8 during the last trading session, reaching $12.09. About 308.11 million shares traded or 398.91% up from the average. General Electric Company (NYSE:GE) has declined 47.26% since October 2, 2017 and is downtrending. It has underperformed by 62.88% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 19. They expect $0.22 EPS, down 24.14 % or $0.07 from last year’s $0.29 per share. GE’s profit will be $1.91B for 13.74 P/E if the $0.22 EPS becomes a reality. After $0.19 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 15.79 % EPS growth.

General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $105.08 billion. The Company’s Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. It currently has negative earnings. The companyÂ’s Renewable Energy segment provides wind turbine platforms, and hardware and software; onshore and offshore wind turbines; and solutions, products, and services to hydropower industry.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE’s CEO Departure: When Any News Is Good News” on October 01, 2018, also Benzinga.com with their article: “This Day In Market History: Buffett’s $3B GE Bet” published on October 01, 2018, Nasdaq.com published: “General Electric Stock Requires Caution Despite New CEO Announcement” on October 02, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE: Good Will Hunting” published on October 02, 2018 as well as Benzinga.com‘s news article titled: “Oppenheimer Technical Analyst On GE: ‘Stay Away'” with publication date: September 25, 2018.

General Electric Company (NYSE:GE) Institutional Positions Chart

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