Why to Keeping Eye on General Electric Company (GE), Snap Inc. (SNAP)?
- Author: Zachary Reyes Mar 15, 2017,
Mar 15, 2017, 22:18
According to Finviz Stock Screener, General Electric Company (NYSE:GE) traded with the volume of 29.59 Million in the previous trading session.
On Dec 16 General Electric Company (NYSE:GE) reported its EPS in the last quarter as $0.46/Share lagging the analyst estimate of $0.46/Share by the difference of $0. Other firms include Standpoint Research giving Sell rating on 22-Jul-16. New Harbor Financial Group LLC raised its position in shares of General Electric Company by 46.0% in the third quarter. Finally, Stifel Nicolaus set a $34.00 price target on General Electric Company and gave the stock a "buy" rating in a research report on Thursday, December 8th. While it's Return on Investment (ROI) value is 5.1%. For the next 5 years, General Electric Company is expecting Growth of 12.11% per annum, whereas in the past 5 years the growth was -0.54% per annum. The company had revenue of $33.10 billion for the quarter, compared to analyst estimates of $33.67 billion. The last trading session volume compares with the 30.41M average and market worth floats around 266.83B. General Electric Company's quarterly revenue was down 2.4% on a year-over-year basis.
When it comes to the Analysis of a Stock, Price Target plays a vital role.
While looking at the Stock's Performance, General Electric Company now shows a Weekly Performance of 0.53%, where Monthly Performance is 3.71%, Quarterly performance is -2.69%, 6 Months performance is -0.16% and yearly performance percentage is 4.3%. Fusion Family Wealth LLC acquired a new stake in General Electric Company during the fourth quarter valued at about $100,000. Insiders own 0.23% of the company's stock. Finally, Cable Hill Partners LLC raised its position in shares of General Electric Company by 38.4% in the third quarter.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.06 on the shares of General Electric Company (NYSE:GE). The 52-week high of the share price is $33 and the company has a market cap of $263,700 million. The company has outperformed the S&P 500 by 0.98% in the past week but underperformed the index by 0.54% in the last 4 weeks.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. The company has an average rating of "Buy" and an average price target of $33.37.
According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.
To accommodate long-term intention, the firm has diverse dividend or yield record, MMM has Dividend Yield of 2.45% and experts calculate Return on Investment of 23.80%. In the last five years, the company's full-year sales growth remained over -3.30% a year on average and the company's earnings per share moved down by an average rate of -4.10%. General Electric Company's dividend payout ratio is 106.67%. If you are reading this report on another website, it was illegally copied and republished in violation of global trademark and copyright legislation.
In other General Electric Company news, Vice Chairman David Leon Joyce sold 159,662 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $29.56, for a total transaction of $4,719,608.72. Following the sale, the insider now owns 738,907 shares of the company's stock, valued at approximately $21,842,090.92. Meanwhile, Senior Vice President Bornstein Jeffrey S purchased 5,000 shares worth $148150, through a transaction dated 2017-01-31. The stock was acquired at an average price of $29.63 per share, for a total transaction of $148,150.00. Following the acquisition, the insider now owns 68,757 shares of the company's stock, valued at approximately $2,037,269.91. Institutional investors own 54.68% of the company's stock. The disclosure for this purchase can be found here.