Analyst Ratings for General Electric Co. (GE)Updated: 2017-07-27
General Electric Co. (NYSE:GE) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for GE last month.
8 analysts declared GE a buy, 1 issued an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 2 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 1.
GE was given price targets by several analysts. The most optimistic price target was 33, which equates to a potential upside of 27.96 percent. The most pessimistic price target was 22, implying potential capital losses of -14.7 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -6.53 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -5.66 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -3.68 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -3.68 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 5 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 8 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of GE to grow at a rate of 83.33 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. GE has a PEG ratio of 0.36.
In the last 52-weeks, GE has achieved a high of 32.38 and a low of 25.26. The current market price is above the trailing year's low by 2.1 percent, and 20.35 percent lower than its 52-week high. GE has a price/earnings ratio of 29.81. Investors typically compare the P/E ratio to a company's peers in the industry. The GE value stock report compares GE to some of its peers using value stock charts. The stock has a market capitalization of $222.86 billion. GE's next earnings release will be on 0000-00-00, which is days away.