Were Analysts Bullish General Electric Company (NYSE:GE) This Week?

Ivan Schwartz
June 15, 2017

We have $27.43 PT which if reached, will make NYSE:GE worth $10.28B less.

Relative strength index (RSI-14) for General Electric Company (GE) is at 45.23. The company was maintained on Friday, January 13 by RBC Capital Markets. The Company's services and products range from aircraft engines, power generation, and gas and oil production equipment to medical imaging, financing and industrial products. It has a 6.77 P/E ratio.

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.38, from 1.06 in 2016Q3.

Several other institutional investors have also recently bought and sold shares of the company. 116 funds opened positions while 609 raised stakes. Cubist Systematic Strategies Lc holds 103,515 shares or 0.26% of its portfolio. Warren Averett Asset Ltd Liability Corp stated it has 4,137 shares or 0.09% of all its holdings. (NASDAQ:TROV) established that the company was able to keep return on investment at -96.32 in the trailing twelve month while Reuters data showed that industry's average stands at 13.04 and sector's optimum level is -4.79. 25,101 are held by Grace And White Ny. They expect $0.44 earnings per share, up 41.94% or $0.13 from last year's $0.31 per share. 8,165 were accumulated by Mitchell Capital.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: "General Electric: Beware The Kitchen Sink" on June 07, 2017, also Seekingalpha.com with their article: "General Electric: Income Play - While We Wait, Buy The Dip Of This Industrial ..." published on June 08, 2017, Marketwatch.com published: "General Electric CEO Immelt will step down after 16 years at company" on June 12, 2017. 76,472 were reported by Roundview Capital Ltd. 173,474 are owned by Farmers Natl Bank. Emerson Electric Company had a return on equity of 23.37% and a net margin of 8.72%.

The Relative Volume of the company is 0.78 and Average Volume (3 months) is 32.58 million. Sound Shore Mgmt Ct holds 6.01M shares. Hartford Financial Mgmt stated it has 300 shares. The Bancorpsouth Inc holds 141,016 shares with $4.46 million value, up from 129,532 last quarter.

General Electric Company (NYSE:GE) shares were trading higher by 3.58 percent ($1) at $28.94 a piece in Monday's session.

Expected 40.2% growth in earnings next year and P/E ratio of 25.4x give General Electric a very low PEG ratio of 0.6x. EMR's profit will be $439.95M for 22.41 P/E if the $0.68 EPS becomes a reality.

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The analysts forecasted Growth Estimates for the Current Quarter for GE to be -51%.

Since February 9, 2017, it had 0 buys, and 4 selling transactions for $2.97 million activity. DIMITRIEF ALEXANDER had bought 231 shares worth $7,046. BRADLEY WILLIAM W sold $6.15 million worth of stock or 113,346 shares. 100,000 shares were bought by IMMELT JEFFREY R, worth $2.81M. Finally, Zacks Investment Research downgraded General Electric Company from a hold rating to a sell rating in a report on Tuesday, March 7th. Therefore 52% are positive. Berenberg Bank reiterated a "sell" rating and set a $53.00 target price on shares of Emerson Electric Company in a research note on Wednesday, February 22nd. The firm has "Buy" rating given on Tuesday, October 20 by S&P Research. Based on that General Electric's stock can be considered a very good value based on its fundamentals. The company was maintained on Friday, July 31 by Deutsche Bank. The rating was maintained by Credit Suisse with "Buy" on Wednesday, April 12. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, October 19 with "Outperform" rating. RBC Capital Markets maintained Advanced Drainage Systems Inc (NYSE:WMS) on Friday, May 26 with "Hold" rating.

09/23/2016 - Emerson Electric Company had its " rating reiterated by analysts at JP Morgan. On Thursday, August 11 the stock rating was downgraded by Boenning & Scattergood to "Neutral".

Ratings analysis reveals 0 of ABM Industries's analysts are positive. The firm has "Buy" rating given on Wednesday, October 14 by Stifel Nicolaus. The stock has "Outperform" rating by Bernstein on Friday, December 16. The firm has "Sell" rating by Citigroup given on Tuesday, April 19.

Analysts await iPass Inc. Mirae Asset Global Investments Com Ltd reported 0.04% of its portfolio in McKesson Corporation (NYSE:MCK).

Millennium Tvp Management Co. Barclays Capital maintained the shares of EMR in report on Wednesday, August 5 with "Equal Weight" rating. Adirondack Research & Management Inc. owns 3.02 million shares or 1.69% of their United States portfolio. Tudor Corp Et Al holds 0.02% or 24,783 shares in its portfolio. This is something that investors look for in all the stocks they are trading and is an important indicator to keep tabs on. Old National Bancshares In reported 1,584 shares stake.

About 1,949 shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since June 13, 2016 and is uptrending. It has underperformed by 2.61% the S&P500.

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