Here's Why William Blair Maintains General Electric Company (GE) Stock at Outperform

General Electric Company had 40 analyst reports since July 21, 2015 according to SRatingsIntel. The lowest target is $36 while the high is $45. After $0.21 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 23.81% EPS growth. For the outlook of the current financial quarter, Analysts think the firm will post 0.25 earnings per share. The stock now has an average rating of "Hold" and a consensus target price of $31.73. NBW Capital LLC acquired a new position in General Electric Company during the third quarter worth about $2,853,000. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.04. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%.

While considering growth estimates of the company, it has next quarter growth estimates of 68.8% whereas during current quarter it has -51% estimations over growth, comparing to the estimations of 9.4% during current year and 16% for next year. During the same quarter in the previous year, the firm earned $0.21 EPS. General Electric Company's quarterly revenue was down.7% on a year-over-year basis. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company's stock. Bernstein maintained General Electric Company (NYSE:GE) rating on Tuesday, July 26. Royal Bank of Canada reiterated a "positive" rating on shares of General Electric Company in a research report on Wednesday, March 22nd. Finally, Russell Investments Group Ltd. purchased a new position in shares of General Electric Company during the fourth quarter valued at $177,435,000.

Based on the latest notes released to investors, 1 analyst has issued a rating of "buy", 0 analysts "outperform", 7 analysts "hold", 2 analysts "underperform" and 1 analysts "sell". Deutsche Bank AG reaffirmed a "neutral" rating and set a $28.00 target price on shares of General Electric Company in a research note on Wednesday, April 5th.

Shares of General Electric Company (NYSE:GE) traded up 2.07% during midday trading on Friday, reaching $28.05. If you are reading this piece on another site, it was illegally stolen and republished in violation of global trademark & copyright legislation. Tctc Limited Company has invested 1.87% in General Electric Company (NYSE:GE).

On the close of 05/18/2017 General Electric Company (NYSE:GE) jumped 0.26% to hit $27.48.

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According to Finviz reported data, The SMA20 of the stock is at 3.08 percent, SMA50 is 6.47 percent, while SMA200 is 9.85 percent. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .

General Electric Company (NYSE:GE) 52-week high price stands at $32.24 and low price stands at $27.41, its price distance from 52-week high is -14.77% while its distance from 52-week low price is 0.26%.

The company's price sits -6.71% below from its 50-day moving average of $29.35 and -8.04% away from the stock's 200-day moving average which is $30.21. Nichols & Pratt Advisers Llp who had been investing in General Electric Co for a number of months, seems to be less bullish one the $248.64 billion market cap company. The ex-dividend date of this dividend is Thursday, June 22nd. General Electric Corp now has $233.27B valuation.

In other news, Director Marijn E. Dekkers purchased 20,000 shares of the business's stock in a transaction on Monday, April 24th. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. The Farmers Trust Co holds 337,167 shares with $10.65 million value, down from 352,622 last quarter. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Following the transaction, the chairman now directly owns 2,561,926 shares of the company's stock, valued at approximately $71,913,262.82. Institutional investors own 54.68% of the company's stock. The disclosure for this sale can be found here.

General Electric Company (GE) has been given an average price target of $32.29 from analysts, according to data collected by Finviz. Moreover, Ferguson Wellman Capital Mgmt Inc has 1.07% invested in General Electric Company (NYSE:GE). The correct version of this article can be read at https://transcriptdaily.com/2017/05/22/cardinal-capital-management-inc-raises-stake-in-general-electric-company-ge.html. If GE is undervalued and the market situation is in decline stage, it might be a good investment too. The ratio is positive, as 121 investment professionals started new or increased stock positions, while 99 sold and decreased their stakes in Portland General Electric Co.

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