General Electric Rating Reiterated by TheStreet (GE)
General Electric (NYSE:GE)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Monday, StockRatingsNetwork reports.
The analysts wrote, “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 notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of General Electric (NYSE:GE) traded up 0.23% during mid-day trading on Monday, hitting $27.021. 6,991,756 shares of the company’s stock traded hands. General Electric has a 52-week low of $21.01 and a 52-week high of $28.09. The stock has a 50-day moving average of $27.12 and a 200-day moving average of $25.15. The company has a market cap of $273.4 billion and a P/E ratio of 20.27.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 27th. Investors of record on Monday, December 23rd will be paid a dividend of 0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, December 19th. This is an increase from General Electric’s previous quarterly dividend of $0.19.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer downgraded shares of General Electric from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 3rd. They now have a $29.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Merrill Lynch reiterated a “buy” rating on shares of General Electric in a research note to investors on Thursday, December 12th. They now have a $30.00 price target on the stock, up previously from $29.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. General Electric currently has a consensus rating of “Hold” and a consensus target price of $27.40.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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