General Electric Given “Buy” Rating at Argus (GE)
General Electric (NYSE:GE)‘s stock had its “buy” rating reiterated by investment analysts at Argus in a note issued to investors on Wednesday, AR Network reports. They currently have a $28.00 price target on the stock. Argus’ price target indicates a potential upside of 17.30% from the company’s current price.
GE has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of General Electric (NYSE:GE) in a research note to investors on Tuesday, August 27th. Finally, analysts at Sanford C. Bernstein raised their price target on shares of General Electric (NYSE:GE) from $25.00 to $26.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock.
Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.88.
General Electric (NYSE:GE) opened at 23.87 on Wednesday. General Electric has a 1-year low of $19.87 and a 1-year high of $24.95. The stock has a 50-day moving average of $23.95 and a 200-day moving average of $23.41. The company has a market cap of $243.1 billion and a P/E ratio of 17.67.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 19th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $35.12 billion for the quarter, compared to the consensus estimate of $35.58 billion. During the same quarter last year, the company posted $0.38 earnings per share. General Electric’s revenue was down 3.5% compared to the same quarter last year. Analysts expect that General Electric will post $1.66 EPS for the current fiscal year.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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