JPMorgan Chase & Co. reaffirmed their neutral rating on shares of General Electric (NYSE:GE) in a research report sent to investors on Wednesday. JPMorgan Chase & Co. currently has a $6.00 target price on the conglomerate’s stock.
A number of other research analysts have also commented on the company. Barclays lowered their price target on General Electric from $13.00 to $12.00 and set an overweight rating on the stock in a report on Monday, December 17th. UBS Group set a $13.00 price target on General Electric and gave the company a buy rating in a report on Monday, December 10th. Vertical Research raised General Electric from a hold rating to a buy rating in a report on Wednesday, December 19th. Goldman Sachs Group set a $9.00 price target on General Electric and gave the company a neutral rating in a report on Friday, November 16th. Finally, William Blair reissued a buy rating on shares of General Electric in a report on Saturday, February 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $12.44.
Get General Electric alerts:Shares of NYSE GE opened at $9.58 on Wednesday. General Electric has a 1-year low of $6.66 and a 1-year high of $15.59. The company has a current ratio of 1.66, a quick ratio of 1.36 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $83.18 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 3.17 and a beta of 0.99.
General Electric (NYSE:GE) last issued its earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). General Electric had a positive return on equity of 9.84% and a negative net margin of 18.38%. The company had revenue of $33.28 billion during the quarter, compared to analyst estimates of $32.01 billion. Sell-side analysts anticipate that General Electric will post 0.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, March 8th. General Electric’s payout ratio is currently 6.15%.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of General Electric by 158.6% in the 2nd quarter. FMR LLC now owns 205,696,411 shares of the conglomerate’s stock valued at $2,799,528,000 after purchasing an additional 126,169,069 shares during the period. Credit Agricole S A boosted its position in shares of General Electric by 133.6% in the 2nd quarter. Credit Agricole S A now owns 230,877 shares of the conglomerate’s stock valued at $3,142,000 after purchasing an additional 132,030 shares during the period. Riverhead Capital Management LLC boosted its position in shares of General Electric by 23.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 123,025 shares of the conglomerate’s stock valued at $1,674,000 after purchasing an additional 23,368 shares during the period. D L Carlson Investment Group Inc. acquired a new position in shares of General Electric in the 2nd quarter valued at $5,225,000. Finally, Twin Focus Capital Partners LLC acquired a new position in shares of General Electric in the 2nd quarter valued at $534,000. 53.73% of the stock is currently owned by hedge funds and other institutional investors.
About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
Featured Story: Strangles
No comments:
Post a Comment