GE HealthCare Technologies Inc. (NASDAQ:GEHC) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat.com 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 target price among brokers that have issued a report on the stock in the last year is $93.36.

A number of equities research analysts have issued reports on the company. Citigroup increased their price target on GE HealthCare Technologies from $88.00 to $103.00 and gave the stock a "buy" rating in a research note on Wednesday. HSBC assumed coverage on GE HealthCare Technologies in a research note on Thursday, February 15th. They issued a "buy" rating and a $100.00 price target for the company. UBS Group upgraded GE HealthCare Technologies from a "sell" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $88.00 in a research note on Monday, February 12th. Mizuho increased their price target on GE HealthCare Technologies from $94.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Finally, Argus raised their price objective on GE HealthCare Technologies from $80.00 to $110.00 and gave the company a "buy" rating in a research report on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. lifted its stake in GE HealthCare Technologies by 36,900.0% in the third quarter. First Command Advisory Services Inc. now owns 370 shares of the company's stock worth $25,000 after purchasing an additional 369 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in GE HealthCare Technologies in the second quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in GE HealthCare Technologies in the third quarter worth about $26,000. Legacy Financial Group LLC bought a new stake in shares of GE HealthCare Technologies during the third quarter valued at approximately $26,000. Finally, OFI Invest Asset Management bought a new stake in shares of GE HealthCare Technologies during the third quarter valued at approximately $26,000. Hedge funds and other institutional investors own 82.06% of the company's stock.

GE HealthCare Technologies Stock Performance

GE HealthCare Technologies stock traded up $0.92 during trading on Wednesday, reaching $89.03. The company had a trading volume of 4,360,274 shares, compared to its average volume of 3,594,642. GE HealthCare Technologies has a 52 week low of $62.35 and a 52 week high of $94.50. The firm's 50-day simple moving average is $86.31 and its 200 day simple moving average is $76.23. The firm has a market capitalization of $40.54 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. GE HealthCare Technologies had a return on equity of 25.58% and a net margin of 8.02%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the prior year, the business posted $1.31 EPS. GE HealthCare Technologies's revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $0.03 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.12 annualized dividend and a yield of 0.13%. GE HealthCare Technologies's dividend payout ratio is currently 3.97%.

About GE HealthCare Technologies

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.