News articles about General Electric (NYSE:GE) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Electric earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.1657170104589 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
A number of research analysts recently issued reports on GE shares. Morningstar set a $23.50 price objective on shares of General Electric and gave the company a “buy” rating in a report on Tuesday, January 23rd. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price objective for the company. in a report on Wednesday, January 10th. Citigroup decreased their price objective on shares of General Electric from $24.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, January 25th. TheStreet cut shares of General Electric from a “c” rating to a “d+” rating in a report on Wednesday, January 24th. Finally, Barclays started coverage on shares of General Electric in a report on Thursday, February 15th. They set an “equal weight” rating and a $16.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.86.
Shares of General Electric stock traded down $0.13 on Wednesday, hitting $13.66. The company had a trading volume of 41,942,562 shares, compared to its average volume of 89,275,438. The stock has a market capitalization of $115,738.74, a PE ratio of 13.01, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. General Electric has a twelve month low of $12.73 and a twelve month high of $30.54. The company has a quick ratio of 1.59, a current ratio of 1.87 and a debt-to-equity ratio of 1.32.
General Electric (NYSE:GE) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. equities analysts anticipate that General Electric will post 0.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio (DPR) is presently 45.71%.
In related news, insider Alexander Dimitrief purchased 2,689 shares of General Electric stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the acquisition, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.12% of the stock is owned by corporate insiders.
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About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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