General Electric Receives Buy Rating from TheStreet (GE)
General Electric (NYSE:GE)‘s stock had its “buy” rating restated by investment analysts at TheStreet in a note issued to investors on Monday, American Banking News.com 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 revenue growth, growth in earnings per share, increase in stock price during the past year, reasonable valuation levels and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of General Electric in a research note on Monday, January 20th. They now have a $28.00 price target on the stock. Separately, analysts at Oppenheimer downgraded shares of General Electric from an “outperform” rating to a “market perform” rating in a research note on Friday, January 3rd. They now have a $29.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Bank of America reiterated a “buy” rating on shares of General Electric in a research note on Thursday, December 12th. They now have a $30.00 price target on the stock, up previously from $29.00. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.88.
General Electric (NYSE:GE) opened at 24.98 on Monday. General Electric has a 1-year low of $21.11 and a 1-year high of $28.09. The stock’s 50-day moving average is $25.86 and its 200-day moving average is $25.50. The company has a market cap of $252.0 billion and a price-to-earnings ratio of 18.32.
General Electric (NYSE:GE) last announced its earnings results on Friday, January 17th. The company reported $0.53 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.53. The company had revenue of $40.40 billion for the quarter, compared to the consensus estimate of $40.22 billion. During the same quarter last year, the company posted $0.44 earnings per share. General Electric’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that General Electric will post $1.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 25th. Shareholders of record on Monday, February 24th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, February 20th.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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