Morgan Stanley Decides to Downgrade General Electric (NYSE:GE) Stock

Marco Green
October 26, 2017

Company earnings reports can be extremely important for investors. Company insiders own 0.36% of the company's stock. Citigroup Inc. set a $28.00 target price on shares of General Electric and gave the company a "buy" rating in a report on Monday. It has underperformed by 21.16% the S&P500. Parametric Port Assoc Ltd Llc, Washington-based fund reported 238,165 shares. The Dodge & Cox holds 1.08 million shares with $29.12 million value, down from 1.26 million last quarter. Finally, Riverhead Capital Management LLC increased its position in El Paso Electric by 77.0% during the second quarter. Another trade for 100,000 shares valued at $2.81 million was bought by IMMELT JEFFREY R. In general, an ADX value from 0-25 would signal an absent or weak trend. Cibc Asset Mgmt Inc invested in 0% or 4,919 shares. Platform Specialty Prods Cor (NYSE:PAH) was raised too.

Since May 15, 2017, it had 3 insider purchases, and 0 selling transactions for $3.37 million activity. Thompson Siegel And Walmsley Limited Liability Corp accumulated 20 shares or 0% of the stock. The stock's last price was higher from the average trading price of 50 days recorded at $24.42 while enlarging the period to 200 trading days, the average price was $25.23.

Oppenheimer Holdings, Inc. downgraded shares of General Electric Company (NYSE:GE) from a market perform rating to an underperform rating in a research report released on Tuesday morning. Therefore 46% are positive. Equities research analysts predict that El Paso Electric Company will post $2.54 EPS for the current year.

Among 9 analysts covering Entegris (NASDAQ:ENTG), 7 have Buy rating, 0 Sell and 2 Hold. Employees Retirement Systems Of Texas reported 0.01% of its portfolio in El Paso Electric Company (NYSE:EE). The institutional investor held 319,774 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $8.64M, down from 524,877 at the end of the previous reported quarter. The stock now has an average rating of "Hold" and an average price target of $26.28. The stock has a consensus rating of Hold and a consensus target price of $26.28. Morgan Stanley reaffirmed an "equal weight" rating and set a $27.00 target price on shares of General Electric in a report on Monday, July 17th. As per Tuesday, September 19, the company rating was maintained by Ladenburg. Its up 0.64, from 1.08 in 2017Q1. It dived, as 85 investors sold GE shares while 816 reduced holdings. The New York-based Brave Warrior Advisors Llc has invested 5.49% in the stock. MPS Loria Financial Planners LLC purchased a new position in General Electric in the 2nd quarter worth $113,000.

BofA Merrill bumped up the target of El Paso Electric (NYSE:EE) to $62.00 stating a potential upside of 0.08%.

Boasting a price of $57.35, El Paso Electric (NYSE:EE) traded 0.09% higher on the day. BlackRock Inc. now owns 5,344,481 shares of the utilities provider's stock valued at $269,896,000 after purchasing an additional 5,329,199 shares during the period. North Point Managers Corp Oh holds 0.05% or 10,433 shares. Finally, Stifel Nicolaus lowered shares of General Electric from a "buy" rating to a "hold" rating and reduced their target price for the company from $26.00 to $22.00 in a report on Tuesday. Proshare Advsrs Ltd Liability Company has invested 0% of its portfolio in El Paso Electric Company (NYSE:EE). Martingale Asset Management Lp owns 133,918 shares for 0.1% of their portfolio. Next year this growth will reach 16.03% to attain $1.52. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating by BTIG Research given on Wednesday, February 8. On Monday, July 10 the stock rating was maintained by RBC Capital Markets with "Buy". The rating was maintained by Jefferies with "Hold" on Friday, August 11. The original version of this piece can be accessed at https://weekherald.com/2017/10/25/general-electric-company-ge-downgraded-to-underperform-at-oppenheimer-holdings-inc.html. The firm has "Hold" rating by Jefferies given on Friday, October 6. The firm has "Hold" rating given on Monday, November 21 by Needham.

Investors sentiment decreased to 0.79 in 2017 Q2. LUK comes in with a P/S ratio of 0.83 that's below 1, potentially implying that it could be cheap relative to the overall sector (14.06) and its peers (92.35). 47 funds opened positions while 24 raised stakes. Bedell Frazier Investment Counseling Llc, a California-based fund reported 409,117 shares. American Grp has 30,304 shares for 0.01% of their portfolio. Suntrust Banks Incorporated holds 4.70 million shares. Public Employees Retirement Sys Of Ohio accumulated 9,237 shares. Legacy Private Trust holds 98,306 shares. Cohen And Steers holds 209,813 shares or 0.02% of its portfolio. Bingham Osborn Scarborough Ltd Liability invested in 43,565 shares or 0.11% of the stock.

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