Fintel reports that on September 10, 2024, Bernstein initiated coverage of General Electric (NYSE:GE) with a Outperform recommendation.
Analyst Price Forecast Suggests 20.81% Upside
As of August 26, 2024, the average one-year price target for General Electric is $199.75/share. The forecasts range from a low of $176.75 to a high of $225.75. The average price target represents an increase of 20.81% from its latest reported closing price of $165.35 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for General Electric is 86,583MM, an increase of 24.74%. The projected annual non-GAAP EPS is 5.85.
What is the Fund Sentiment?
There are 3,060 funds or institutions reporting positions in General Electric. This is an increase of 84 owner(s) or 2.82% in the last quarter. Average portfolio weight of all funds dedicated to GE is 0.50%, an increase of 3.06%. Total shares owned by institutions increased in the last three months by 4.21% to 1,014,114K shares. 
The put/call ratio of GE is 0.62, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 63,699K shares representing 5.87% ownership of the company. In its prior filing, the firm reported owning 78,746K shares , representing a decrease of 23.62%. The firm decreased its portfolio allocation in GE by 28.95% over the last quarter.
Capital International Investors holds 52,162K shares representing 4.81% ownership of the company. In its prior filing, the firm reported owning 59,101K shares , representing a decrease of 13.30%. The firm decreased its portfolio allocation in GE by 18.72% over the last quarter.
TCI Fund Management holds 48,180K shares representing 4.44% ownership of the company. In its prior filing, the firm reported owning 46,809K shares , representing an increase of 2.85%. The firm decreased its portfolio allocation in GE by 9.66% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 32,850K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 32,514K shares , representing an increase of 1.02%. The firm decreased its portfolio allocation in GE by 11.02% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 30,193K shares representing 2.78% ownership of the company. In its prior filing, the firm reported owning 29,550K shares , representing an increase of 2.13%. The firm increased its portfolio allocation in GE by 6.86% over the last quarter.
General Electric Background Information
(This description is provided by the company.)
The General Electric Company (GE) is an American multinational company. For more than 125 years, GE has invented the future of industry. Today, GE is best known for its work in the Power, Renewable Energy, Aviation and Healthcare industries.
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