GE HealthCare Technologies Inc. (NASDAQ:GEHC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

GE HealthCare Technologies Inc. (NASDAQ:GEHCGet Free Report) has received an average rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $91.45.

A number of analysts have issued reports on GEHC shares. HSBC started coverage on GE HealthCare Technologies in a report on Thursday, February 15th. They issued a “buy” rating and a $100.00 target price on the stock. Mizuho raised their target price on GE HealthCare Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley raised their target price on GE HealthCare Technologies from $74.00 to $86.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Argus raised their target price on GE HealthCare Technologies from $80.00 to $110.00 and gave the company a “buy” rating in a report on Monday. Finally, UBS Group upgraded GE HealthCare Technologies from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $88.00 in a research report on Monday, February 12th.

Check Out Our Latest Research Report on GEHC

Hedge Funds Weigh In On GE HealthCare Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Avondale Wealth Management lifted its position in shares of GE HealthCare Technologies by 50.2% during the 1st quarter. Avondale Wealth Management now owns 1,000 shares of the company’s stock worth $91,000 after buying an additional 334 shares during the period. Nomura Holdings Inc. bought a new position in shares of GE HealthCare Technologies during the 4th quarter worth approximately $610,000. HighPoint Advisor Group LLC acquired a new stake in GE HealthCare Technologies during the 4th quarter valued at $1,006,000. Wahed Invest LLC increased its holdings in GE HealthCare Technologies by 9.2% during the 4th quarter. Wahed Invest LLC now owns 6,653 shares of the company’s stock valued at $514,000 after purchasing an additional 560 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in GE HealthCare Technologies during the 4th quarter valued at $36,000. Institutional investors own 82.06% of the company’s stock.

GE HealthCare Technologies Stock Performance

Shares of NASDAQ GEHC opened at $88.11 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 1.05. The firm has a market cap of $40.12 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 3.16 and a beta of 0.95. The business’s 50-day simple moving average is $85.97 and its 200-day simple moving average is $76.14. GE HealthCare Technologies has a 52 week low of $62.35 and a 52 week high of $94.50.

GE HealthCare Technologies (NASDAQ:GEHCGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.09 billion. GE HealthCare Technologies had a return on equity of 25.58% and a net margin of 8.02%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. As a group, equities research analysts expect that GE HealthCare Technologies will post 4.3 earnings per share for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. GE HealthCare Technologies’s dividend payout ratio (DPR) is presently 3.97%.

GE HealthCare Technologies Company Profile

(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, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.

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Analyst Recommendations for GE HealthCare Technologies (NASDAQ:GEHC)

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