General Electric - GE Stock Forecast, Price & News

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The Renewables segment provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. The Healthcare segment provides healthcare technologies to developed and emerging markets in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery and performance improvement solutions that are the building blocks of precision health to hospitals and medical facilities. The company also engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GE. Morgan Stanley dropped their target price on shares of General Electric from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Tuesday, July 12th. The Goldman Sachs Group dropped their price target on shares of General Electric from $108.00 to $82.00 and set a "buy" rating on the stock in a report on Thursday, June 23rd. Credit Suisse Group dropped their price objective on shares of General Electric from $86.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. UBS Group dropped their price objective on shares of General Electric from $113.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Barclays dropped their price objective on shares of General Electric from $96.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.21.

General Electric Price Performance

Shares of General Electric stock traded up $0.69 on Friday, hitting $74.36. 4,640,224 shares of the company traded hands, compared to its average volume of 7,022,916. The stock has a market capitalization of $81.54 billion, a P/E ratio of -17.54, a price-to-earnings-growth ratio of 3.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.80 and a current ratio of 1.13. General Electric has a 52 week low of $59.93 and a 52 week high of $116.17. The business has a 50-day simple moving average of $68.90 and a 200 day simple moving average of $82.01.

General Electric (NYSE:GE - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.40. General Electric had a negative net margin of 5.94% and a positive return on equity of 7.50%. The company had revenue of $18.65 billion for the quarter, compared to analysts' expectations of $17.90 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. General Electric's quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that General Electric will post 2.74 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Tuesday, June 28th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, June 27th. General Electric's dividend payout ratio is presently -7.55%.