Shares of General Electric (NYSE:GE) have been assigned a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.27.
A number of research firms have recently commented on GE. DZ Bank restated a “sell” rating on shares of General Electric in a report on Wednesday, March 28th. JPMorgan Chase restated an “underweight” rating and issued a $11.00 price target (down from $14.00) on shares of General Electric in a report on Tuesday, March 13th. UBS set a $16.00 price target on shares of General Electric and gave the stock a “neutral” rating in a report on Wednesday, March 7th. Royal Bank of Canada restated a “hold” rating and issued a $16.00 price target on shares of General Electric in a report on Tuesday, February 27th. Finally, Citigroup set a $23.00 price target on shares of General Electric and gave the stock a “buy” rating in a report on Monday, February 26th.
In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.12% of the stock is owned by corporate insiders.
Shares of NYSE GE traded down $0.36 during mid-day trading on Monday, reaching $13.12. The company had a trading volume of 72,086,963 shares, compared to its average volume of 94,981,703. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. The stock has a market cap of $117,041.13, a PE ratio of 12.50, a PEG ratio of 2.56 and a beta of 1.02. General Electric has a 52 week low of $12.73 and a 52 week high of $30.54.
General Electric (NYSE:GE) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share. sell-side analysts forecast that General Electric will post 0.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s dividend payout ratio (DPR) is presently 45.71%.
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General Electric Company Profile
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.
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