General Electric (GE) Receives Coverage Optimism Score of 0.15

Media headlines about General Electric (NYSE:GE) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Electric earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 47.1923729440105 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of NYSE GE traded up $0.42 during mid-day trading on Thursday, reaching $14.60. 105,345,468 shares of the company traded hands, compared to its average volume of 52,398,192. General Electric has a fifty-two week low of $12.73 and a fifty-two week high of $29.47. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.76 and a quick ratio of 1.48. The firm has a market capitalization of $132.76 billion, a PE ratio of 13.90, a P/E/G ratio of 3.00 and a beta of 1.02.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.05. General Electric had a negative net margin of 6.16% and a positive return on equity of 11.22%. The business had revenue of $28.66 billion for the quarter, compared to analyst estimates of $27.26 billion. During the same quarter last year, the business earned $0.14 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts anticipate that General Electric will post 0.96 earnings per share for the current fiscal year.

Several research firms recently weighed in on GE. TheStreet lowered shares of General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reiterated a “sell” rating and set a $11.00 price objective on shares of General Electric in a research note on Monday, April 9th. Stifel Nicolaus reiterated a “neutral” rating and set a $15.00 price objective on shares of General Electric in a research note on Friday, May 18th. Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price objective on shares of General Electric in a research note on Tuesday, April 10th. Finally, DZ Bank reiterated a “sell” rating on shares of General Electric in a research note on Tuesday, April 3rd. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.92.

In related news, major shareholder Electric Co General sold 3,883,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $15.00, for a total transaction of $58,245,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.12% of the stock is owned by company insiders.

General Electric Company Profile

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.

Insider Buying and Selling by Quarter for General Electric (NYSE:GE)

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