TheStreet reissued their buy rating on shares of General Electric (NYSE:GE) in a research report sent to investors on Tuesday morning, Stock Ratings Network 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, expanding profit margins 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 wrote.
A number of other analysts have also recently weighed in on GE. Analysts at Barclays raised their price target on shares of General Electric from $29.00 to $31.00 in a research note to investors on Monday, December 2nd. They now have an overweight rating on the stock. Separately, analysts at Standpoint Research initiated coverage on shares of General Electric in a research note to investors on Monday, December 2nd. They set a sell rating and a $22.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of General Electric from $26.00 to $27.00 in a research note to investors on Wednesday, November 20th. They now have a market perform rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. General Electric currently has a consensus rating of Buy and a consensus target price of $27.30.
General Electric (NYSE:GE) traded down 0.78% during mid-day trading on Tuesday, hitting $26.9275. The stock had a trading volume of 5,673,859 shares. General Electric has a 52-week low of $20.26 and a 52-week high of $27.50. The stock has a 50-day moving average of $26.67 and a 200-day moving average of $24.6. The company has a market cap of $272.4 billion and a price-to-earnings ratio of 20.41.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that General Electric will post $1.64 earnings per share for the current fiscal year.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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