Headlines about General Electric (NYSE:GE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Electric earned a news impact score of 0.06 on Accern’s scale. Accern also gave media stories about the conglomerate an impact score of 46.589259678996 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
Several equities analysts recently issued reports on GE shares. JPMorgan Chase & Co. set a $11.00 target price on General Electric and gave the company a “sell” rating in a research report on Friday, April 27th. DZ Bank reissued a “sell” rating on shares of General Electric in a research report on Tuesday, April 3rd. Goldman Sachs Group reaffirmed a “neutral” rating and set a $14.00 price target on shares of General Electric in a research report on Tuesday, May 22nd. Zacks Investment Research raised General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, April 25th. Finally, Stifel Nicolaus cut their price target on General Electric from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, April 3rd. Eight research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus target price of $17.92.
Shares of General Electric stock opened at $13.74 on Wednesday. The stock has a market capitalization of $113.31 billion, a P/E ratio of 13.09, a P/E/G ratio of 2.50 and a beta of 1.01. General Electric has a twelve month low of $12.61 and a twelve month high of $27.59. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.48 and a current ratio of 1.76.
General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, April 20th. The conglomerate reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.05. The firm had revenue of $28.66 billion for the quarter, compared to analyst estimates of $27.26 billion. General Electric had a negative net margin of 6.16% and a positive return on equity of 11.22%. General Electric’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. sell-side analysts forecast that General Electric will post 0.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Monday, June 18th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Friday, June 15th. General Electric’s dividend payout ratio is presently 45.71%.
In related news, major shareholder Electric Co General sold 3,883,000 shares of the firm’s stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $15.00, for a total value of $58,245,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.12% of the company’s stock.
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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