News headlines about General Electric (NYSE:GE) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Electric earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the conglomerate an impact score of 45.7014524394115 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- General Electric Company (GE) Short Interest Down 15.1% in October (americanbankingnews.com)
- GE: Jack Welch Returns, Maybe Better Than Ever – Seeking Alpha (seekingalpha.com)
- GE Dials Back Operations, Chops Dividend – U.S. News & World Report (usnews.com)
- General Electric CFO Hints 2018 May Be a Throwaway Year – TheStreet.com (thestreet.com)
- GE’s Flannery: A Lackluster Performance – Seeking Alpha (seekingalpha.com)
GE has been the subject of several research analyst reports. UBS AG reissued a “buy” rating and issued a $31.00 price objective (down from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Bank of America Corporation raised General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, October 23rd. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price objective for the company. in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. lowered General Electric from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 24th. Finally, J P Morgan Chase & Co reissued a “sell” rating and issued a price objective on shares of General Electric in a research report on Thursday, October 19th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.02.
General Electric (NYSE GE) opened at $17.90 on Wednesday. General Electric has a 12 month low of $17.46 and a 12 month high of $32.38. The firm has a market capitalization of $164,943.92, a P/E ratio of 15.34, a PEG ratio of 1.99 and a beta of 1.11. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14.
General Electric (NYSE:GE) last announced its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. General Electric’s quarterly revenue was up 11.5% on a year-over-year basis. research analysts forecast that General Electric will post 1.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were paid a $0.24 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.36%. General Electric’s payout ratio is presently 120.00%.
In other General Electric news, Director James S. Tisch bought 100,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.
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