General Electric Company (NYSE:GE) registered a -1.02% decrease, still its new closing price is 14.20% up from the company’s 1 year high of 32.50.It posted -1.70% losses in previous 5 sessions and is now the subject of 7 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 19 stock analysts following this company have an average price target at $34.13, with individual PT in the $28.00-$40.00 range. The shares moved at $30.01, implying that brokerage firms see shares gaining about 9.71% in twelve months time.
General Electric Company (GE) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -5.03% fall year to date. A Senior Vice President at General Electric Company (GE) acquired shares in a transaction closed on Monday January 23, 2017. DIMITRIEF ALEXANDER bought 231 shares in the company at $30.5 each and collected $7,000 in proceeds. DIMITRIEF ALEXANDER now owns 130,035 shares in the company after this transaction. A Chairman and CEO in the company, IMMELT JEFFREY R, disclosed a transaction on Wednesday November 09, 2016 that ended up paying $1,462,000 from the purchase of 50,000 shares at $29.24 per share.
General Electric Company (NYSE:GE) Upcoming Results on Tap
General Electric Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.17 in that period. Sales during the quarter are predicted to arrive at $26.49 billion.
Earnings surprise history: Last quarter, the company posted approximately $33.09 billion in revenue and EPS of $0.46. The mean forecast was for $33.63 billion and $0.46 a share, respectively. One quarter earlier, revenue for the stock was at $29.27 billion, with earnings at $0.32/share.
General Electric Company (GE) Brokerage Update
General Electric Company (GE) is in Bernstein’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Mkt Perform by Bernstein, according to news reported on Friday December 16, 2016.Another important research note was issued by Bernstein on Monday April 04, 2016.The firm downgraded GE to Mkt Perform from Outperform. Over the last six months and over the last three months, the shares of General Electric Company (GE), have changed -2.49% and 4.73%, respectively.