General Electric Company (NYSE:GE) has a beta value of 1.08 and has seen 3.46 million shares traded in the recent trading session. The company, currently valued at $113.02B, closed the recent trade at $105.97 per share which meant it gained $2.17 on the day or 2.10% during that session. The GE stock price is -8.82% off its 52-week high price of $115.32 and 54.55% above the 52-week low of $48.16. The 3-month trading volume is 8.74 million shares.
The consensus among analysts is that General Electric Company (GE) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 8 out of 21 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.52.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
General Electric Company (NYSE:GE) trade information
Sporting 2.10% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/24/21 when the GE stock price touched $105.97 or saw a rise of 0.34%. Year-to-date, General Electric Company shares have moved 20.14%, while the 5-day performance has seen it change 3.31%. Over the past 30 days, the shares of General Electric Company (NYSE:GE) have changed -0.86%.>
Wall Street analysts have a consensus price target for the stock at $124.08, which means that the shares’ value could jump 14.6% from the levels at last check today. The projected low price target is $80.00 while the price target rests at a high of $168.00. In that case, then, we find that the latest price level in today’s session is -58.54% off the targeted high while a plunge would see the stock lose 24.51% from the levels at last check today.
General Electric Company (GE) estimates and forecasts
Figures show that General Electric Company shares have outperformed across the wider relevant industry. The company’s shares have lost -0.12% over the past 6 months, with this year growth rate of 2,387.50%, compared to 26.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 8.30% and 43.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be -3.10%.
13 analysts offering their estimates for the company have set an average revenue estimate of $19.5 billion for the current quarter. 13 have an estimated revenue figure of $22.26 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $19.42 billion and $21.93 billion respectively for this quarter and the next, and analysts expect sales will grow by 0.40% for the current quarter and 1.50% for the next.>
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 34.30% over the past 5 years.
General Electric Company is expected to release its next earnings report between October 26 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.04%. The company’s dividend yield has gone up over the past 12 months.
General Electric Company (NYSE:GE)’s Major holders
Insiders own 0.24% of the company shares, while shares held by institutions stand at 65.55% with a share float percentage of 65.71%. Investors are also buoyed by the number of investors in a company, with General Electric Company having a total of 2,268 institutions that hold shares in the company. The top two institutional holders are Eagle Capital Management LLC with over 112.38 million shares worth more than $12.1 billion. As of Jun 29, 2021, Eagle Capital Management LLC held 10.22% of shares outstanding.>
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 101.53 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $10.93 billion and represent 9.23% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2021, the former fund manager holds about 2.82% shares in the company for having 30.99 million shares of worth $3.34 billion while later fund manager owns 22.79 million shares of worth $2.45 billion as of Jun 29, 2021, which makes it owner of about 2.07% of company’s outstanding stock.
Source : https://marketingsentinel.com/2021/09/27/wall-street-was-disappointed-by-general-electric-company-nyse-ges-2-10-stock-price-incline/906