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.

General Electric Price Performance

Shares of NYSE:GE traded down $0.39 on Monday, reaching $79.54. The company's stock had a trading volume of 52,058 shares, compared to its average volume of 6,853,775. General Electric has a 52-week low of $59.93 and a 52-week high of $116.17. The company has a market cap of $87.22 billion, a P/E ratio of -18.85, a PEG ratio of 4.17 and a beta of 1.11. The company has a 50-day simple moving average of $68.83 and a 200 day simple moving average of $81.36. 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 (NYSE:GE - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $0.78 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $18.65 billion during the quarter, compared to analysts' expectations of $17.90 billion. During the same period in the previous year, the company earned $0.40 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that General Electric will post 2.74 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Tuesday, June 28th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. General Electric's dividend payout ratio is presently -7.55%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of General Electric from $108.00 to $82.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Barclays reduced their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $90.00 to $88.00 in a report on Wednesday, July 27th. Bank of America reduced their price target on shares of General Electric from $132.00 to $120.00 in a report on Wednesday, April 27th. Finally, Wells Fargo & Company lifted their price target on shares of General Electric to $73.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $100.69.