GE HealthCare Technologies Inc. (NASDAQ:GEHC) Given Average Rating of “Moderate Buy” by Brokerages

GE HealthCare Technologies Inc. (NASDAQ:GEHCGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $87.82.

A number of research firms have issued reports on GEHC. UBS Group upgraded shares of GE HealthCare Technologies from a “sell” rating to a “neutral” rating and upped their target price for the company from $66.00 to $88.00 in a report on Monday. Mizuho increased their price objective on shares of GE HealthCare Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Jefferies Financial Group started coverage on shares of GE HealthCare Technologies in a report on Thursday, November 30th. They set a “hold” rating and a $80.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of GE HealthCare Technologies from $74.00 to $86.00 and gave the stock an “equal weight” rating in a report on Monday.

Read Our Latest Report on GE HealthCare Technologies

Institutional Trading of GE HealthCare Technologies

Several large investors have recently bought and sold shares of GEHC. Allspring Global Investments Holdings LLC acquired a new stake in GE HealthCare Technologies in the second quarter valued at approximately $2,091,000. Assenagon Asset Management S.A. purchased a new position in shares of GE HealthCare Technologies during the 2nd quarter valued at approximately $525,000. Raymond James Financial Services Advisors Inc. bought a new position in GE HealthCare Technologies during the second quarter worth $6,009,000. National Bank of Canada FI bought a new position in GE HealthCare Technologies during the second quarter worth $1,867,000. Finally, Janney Montgomery Scott LLC bought a new position in GE HealthCare Technologies during the second quarter worth $2,923,000. Institutional investors and hedge funds own 79.18% of the company’s stock.

GE HealthCare Technologies Stock Performance

NASDAQ:GEHC opened at $83.17 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. GE HealthCare Technologies has a fifty-two week low of $62.35 and a fifty-two week high of $87.83. The stock has a market cap of $37.87 billion and a PE ratio of 27.54. The firm’s fifty day simple moving average is $75.32 and its 200-day simple moving average is $71.27.

GE HealthCare Technologies (NASDAQ:GEHCGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.09 billion. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS. Analysts expect that GE HealthCare Technologies will post 4.3 earnings per share for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 16th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.14%. The ex-dividend date is Friday, January 12th. GE HealthCare Technologies’s dividend payout ratio (DPR) is 3.97%.

About GE HealthCare Technologies

(Get Free Report

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, Europe, the Middle East, Africa, China, Taiwan, Mongolia, Hong Kong, and internationally.

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Analyst Recommendations for GE HealthCare Technologies (NASDAQ:GEHC)

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