Vetr’s price target indicates a potential upside of 4.76% from the stock’s current price. On these bases, analysts would recommend this stock as an “Active Spinning Stocks”.
Advertisement
02/18/2014 – Portland General Electric Company was upgraded to “neutral” by analysts at Ned Davis Research. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. Indeed, Immelt said, “the rest of the company is sustaining organic growth in the 5% range, comparable to the run rate, and this should continue in the second half”.
Wells Fargo & Company (NYSE:WFC)’s earnings per share growth ratio for the past 5 years was noted as 13.3% while revenue increase for the past 5 years was -1.4%. Citigroup Inc. reissued a “buy” rating and set a $36.00 target price on shares of General Electric in a research note on Monday, July 25th.
07/26/2016 – General Electric Company had its “hold” rating reiterated by analysts at Vetr Inc. Analyst’s ratings play a vital role in defining a stock’s performance for the day. Stifel Nicolaus set a $34.00 price objective on shares of General Electric and gave the company a buy rating in a report on Thursday, September 8th.
Shares of General Electric (NYSE:GE) traded down 0.84% during trading on Monday, hitting $29.43. The insider owns 1,623,729 shares which have current market value of around $82956315.PETERS CHARLES A is another major inside shareholder in the company. This appreciation has taken its market cap to $32.94B and a price-to-earnings ratio to 18.13.
Emerson Electric Co has moved -4.70% below its 50-day simple moving average of $53.07 and went up 1.46% from its 200-day simple moving average of $53.36. General Electric Company P/E (price to earnings) ratio is 27.82 and Forward P/E ratio of 17.11.
Earnings Estimates: “15” Analysts are saying that the company to announce quarterly earnings of $0.33 per share for current quarter period Quarter Ending Sep-16.
Earnings estimates are based on analysts’ expectations of firm’s profitability and growth. General Electric had a net margin of 9.14% and a return on equity of 15.04%. In a similar vein, Immelt claimed the oil & gas segment’s comparables from previous year get “less difficult” in the second half, while ” we’ve got about 70%-plus of the revenue for Oil & Gas, based on our forecast of revenue the second half in backlog”.
In case of Revenue Estimates, 12 analysts have provided their consensus Average Revenue Estimates for General Electric Company as 30.04 Billion. The co has dividend yield of 3.71% that is also considered as effective indicator. The ex-dividend date of this dividend is Thursday, September 15th. No matter, General Electric remains on track in 2016. The company’s institutional ownership is monitored at 75.9%. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several institutional investors have recently added to or reduced their stakes in GE. 9 rated the company as a “Hold”.
Advertisement
Both agree that institutional ownership can be a risky thing because they move in and out of the market in tremendous blocks, so the stock’s value can plunge if they sell off.
