Analyst Estimates

Stock on Analysts Radar: General Electric Company (NYSE:GE)

General Electric Company (NYSE:GE) soared 0.26% during previous trade, a total of 48.45M shares exchanged hands compared with its average trading volume of 31.04M shares whereas its relative volume is 1.60. The stock has a market capitalization of $223.27B along with 8.68B outstanding shares. Stock’s intraday price range hit the peak level of $27.65 and touched the lowest level of $27.10.

Most recently General Electric Company (NYSE:GE)’s price target was revised on 05/15/17 and according to 14 analysts stock’s price will reach at $32.29 during 52 weeks with standard deviation of 4.60. Stock’s minimum price target estimates has been figured out at $24 while the maximum price target forecast is established at $36, if we look at the price target with an optimistic approach it has upside potential of 31% from its latest closing price of $27.48.

Historically, if we look at price target revisions, three weeks ago General Electric Company (NYSE:GE)’s price target was revised on 4/25/17 by the analysts, however the bullish price estimates of the stock set at $40 while the bearish estimates kept at $27 over the next one year. Stock’s 52-week target was retained at $32.80, the estimates indicates a standard deviation of 3.91.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.50. ABR value is precisely based on brokerage recommendations, where out of 10 brokerage recommendations 4 rate General Electric Company (NYSE:GE) stock a Strong Buy, 1 rate the stocks of the company a Buy, 3 rate Hold, 0 rate Sell and 2 recommend a Strong Sell. Most recently on 4/25/17 the stock of General Electric Company (NYSE:GE) downgraded by BofA/Merrill from Buy to Neutral. However previously on 12/16/16 it was upgraded by Bernstein from Mkt Perform to Outperform. A research note issued on 4/4/16 the stock was downgraded by Bernstein from Outperform to Mkt Perform.

General Electric Company (NYSE:GE) performance over the past one year plunged -4.29% whereas its year to date (YTD) performance indicated a bearish trend of -12.34%. During the last six months the stock slipped -9.24%. Quarterly performance of the company shows declining momentum of -9.03% while its last one month trend is negative with -8.40%. Stock’s weekly performance expressed down trend of -4.81%.

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. General Electric Company (NYSE:GE)’s shares are currently trading -14.77% away from the 52-week high price of $32.24 and +0.26% far from the 52-week low price of $27.41.

According to consensus agreement of 14 analysts General Electric Company (NYSE:GE) will report earnings per share of $0.25 in their quarterly report and it is expected to announce the company’s results on 7/21/17 Before Market Open. For the current quarter the company has high EPS estimates of $0.27 in contradiction of low EPS estimates of $0.24. However a year ago for the same quarter the company has reported $0.51 EPS. Current year EPS projections for General Electric Company (NYSE:GE) set at $1.63 according to the sentiments of 16 analysts, while its lowest earnings estimates are $1.59 and highest earnings estimates are $1.68.

According to 10 analysts, General Electric Company (NYSE:GE)’s revenue estimates for the current quarter are $29.05B meanwhile the company has high revenue estimates of $29.56B in contradiction of low revenue estimates of $28.76B. For the current year the company’s revenue estimates are $125.74B compared to low analyst estimates of $121.02B and high estimates of $130.99B according to the projection of 12 analysts.

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