General Electric Given Average Recommendation of “Hold” by Analysts (NYSE:GE)
General Electric (NYSE:GE) has been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $27.88.
A number of analysts have recently weighed in on GE shares. Analysts at TheStreet reiterated a “buy” rating on shares of General Electric in a research note on Monday. Finally, 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.
General Electric (NYSE:GE) traded up 0.45% during mid-day trading on Tuesday, hitting $25.405. 9,457,820 shares of the company’s stock traded hands. General Electric has a one year low of $21.11 and a one year high of $28.09. The stock’s 50-day moving average is $25.80 and its 200-day moving average is $25.53. The company has a market cap of $256.3 billion and a P/E ratio of 18.58.
General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, January 17th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that General Electric will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 25th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, February 20th.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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