General Electric Gets a Hold from Cowen & Co.

By Carrie Williams

In a report released yesterday, Gautam Khanna from Cowen & Co. reiterated a Hold rating on General Electric (NYSE: GE), with a price target of $30. The company’s shares closed yesterday at $30.

Khanna wrote:

“GE Power supplier WWD noted soft IGT upgrade orders (for WWD’s components).”

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 10.9% and a 66.7% success rate. Khanna covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Allegheny Technologies.

General Electric has an analyst consensus of Moderate Buy, with a price target consensus of $33.75.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GE in relation to earlier this year. Most recently, in February 2017, Jeffrey Bornstein, the SVP of GE bought 5,000 shares for a total of $148,150.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.