TheStreet restated their buy rating on shares of General Electric (NYSE:GE) in a research report released on Monday, ARN reports.
“General Electric (GE) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.,” the firm’s analyst commented.
GE has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of General Electric from $27.00 to $29.00 in a research note to investors on Monday, October 28th. They now have an outperform rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of General Electric from $25.00 to $26.00 in a research note to investors on Monday, October 21st. They now have an equal weight rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of General Electric in a research note to investors on Monday, October 21st. They now have a $27.00 price target on the stock. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $28.01.
Shares of General Electric (NYSE:GE) traded up 1.61% during mid-day trading on Monday, hitting $26.845. 51,012,120 shares of the company’s stock traded hands. General Electric has a 52 week low of $19.87 and a 52 week high of $26.64. The stock’s 50-day moving average is $24.89 and its 200-day moving average is $23.87. The company has a market cap of $272.5 billion and a price-to-earnings ratio of 19.86.
General Electric (NYSE:GE) last released its earnings data on Friday, October 18th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $35.70 billion for the quarter, compared to the consensus estimate of $38.84 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that General Electric will post $1.63 EPS for the current fiscal year.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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