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 maximum price target given was 33, which equates to a potential upside of 27.96 percent. The minimum price target given was 22, implying potential capital losses of -14.7 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates downwards for this quarter, by about -6.53 percent on average, compared to last month. That number becomes -5.66 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -3.68 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -3.68 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. GE has a PEG ratio of 0.36.
GE has traded between a high of 32.38 and a low of 25.26 over the past year. 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 market cap of GE is $222.86 billion. GE's next earnings release will be on 0000-00-00, which is days away.