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.
Investment analysts gave a few price targets for GE. The most optimistic price target was 33, implying potential capital gains of 27.96 percent. The most pessimistic analyst gave a price target of 22, implying potential capital losses of -14.7 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -6.53 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 5 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 8 analysts that revised their FY estimates downwards.
GE has an estimated earnings growth rate of 83.33 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 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 below the 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 will post this quarters earnings in days, on 0000-00-00.