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.
Many analysts weighed in on price targets for GE. The maximum price target given was 33, implying potential capital gains of 27.96 percent. The minimum price target given was 22, which equates to a potential downside of -14.7 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -6.53 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -5.66 percent. Meanwhile, fiscal year estimates have been revised downwards by -3.68 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -3.68 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 5 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 8 analysts that revised their FY estimates downwards.
Analysts estimate earnings of GE to grow at a rate of 83.33 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, 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, though it could be better to see where the ratio stands relative to peers in the industry. GE has a PEG ratio of 0.36.
GE has a 52-week high of 32.38 and a 52-week low of 25.26. The current market price is above the trailing year's low by 2.1 percent, and 20.35 percent below the high. GE has a P/E 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.