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 analyst gave a price target of 33, implying potential capital gains of 27.96 percent. The most pessimistic analyst gave a price target of 22, implying a possible loss of -14.7 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
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. 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, while 5 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 8 analysts decreased their estimates.
The growth rate of GE's earnings is estimated by analysts to be 83.33 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 2.1 percent above the 52-week low, 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 stock has a market capitalization of $222.86 billion. GE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.