General Electric (NYSE:GE) Rating Maintained

General Electric (NYSE:GE) had its stock rating noted as Underweight by analysts at JPMorgan. JPMorgan currently has a $14.0 TP on the $129.08 billion market cap company or -6.29 % downside potential. This was revealed in analysts report on 12 February.

NYSE:GE is currently trading -0.43% lower at $14.89 as of 6:05 AM New York time. General Electric’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has surged 6.00% in the same time period.

According to data compiled by Thomson Reuters, General Electric (NYSE:GE)’s stock is covered by 14 equity analysts across the Street, with 1 analysts giving it a Sell rating, 10 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $32.79, which reflects an upside potential of 120.21% over the current price.

Institutional Ownership

Trian Fund Management L.P. had the biggest stake with ownership of 72.62 million shares as of Q2 2015 for 21.02% of the fund portfolio. Trustco Bank Corp N Y is another quite bullish investment professional who is owning 324,095 shares of General Electric or 11.24% of their fund portfolio. Moreover, Albion Financial Group Ut have 10.08% of their fund portfolio invested in the company for 1.99 million shares. The France-based fund Natixis Asset Management disclosed it had purchased a stake worth about 8.78% of the investment professional’s stock portfolio in General Electric. The North Carolina-based fund Saybrook Capital Nc is also positive about the stock, possessing 2.90 million shares or 6.8% of their fund portfolio.

General Electric (NYSE:GE) Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

General Electric (NYSE:GE) traded down -0.43% on 12 February, hitting $14.89. A total of 49.17 million shares of the company’s stock traded hands. This is down from average of 107.17 million shares. General Electric has a 52 week low of $14.23 and a 52 week high of $30.59. The company has a market cap of $129.08 billion and a P/E ratio of 13.78.

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