Economy

Analysts See $0.50 EPS for General Electric Company (GE)

The stock increased 7.89% or $0.33 on September 29, reaching $4.51. 33,673,712 shares of the company's stock were exchanged. High Liner Foods Inc (TSE:HLF) has 0.00% since September 30, 2016 and is. Fincl Architects Inc stated it has 0.79% in General Electric Company (NYSE:GE). GE's profit would be $4.33B giving it 12.09 P/E if the $0.50 EPS is correct. After having $0.36 EPS previously, Portland General Electric Company's analysts see 5.56% EPS growth. About 32,696 shares traded or 126.58% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since September 30, 2016 and is downtrending. It has underperformed by 4.60% the S&P500. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Therefore 48% are positive. Morgan Stanley reaffirmed an "equal weight" rating and set a $27.00 price target on shares of General Electric in a research report on Monday, July 17th. The stock has "Hold" rating by Cowen & Co on Monday, June 12. The firm has "Hold" rating given on Friday, August 5 by Williams Capital Group. On Tuesday, October 20 the stock rating was maintained by S&P Research with "Buy". The firm has "Buy" rating given on Tuesday, September 19 by Ladenburg. The company was downgraded on Friday, July 21 by CFRA. The rating was downgraded by Bank of America to "Underperform" on Tuesday, November 22. Evercore Wealth Mgmt Limited Liability Corp stated it has 0.4% in General Electric Company (NYSE:GE). The Company's service area allocation of approximately 4,000 square miles is located entirely within OR and includes approximately 51 incorporated cities, of which Portland and Salem. It has a 13.96 P/E ratio. Baxter Bros Inc reported 364,906 shares or 2.97% of all its holdings.

Since May 15, 2017, it had 3 insider buys, and 0 sales for $3.37 million activity. Nicholson William O had sold 6,000 shares worth $270,600 on Tuesday, May 16.

Investors sentiment decreased to 1.25 in Q2 2017. Its up 0.10, from 1.28 in 2017Q1. Vetr upgraded shares of General Electric from a "strong sell" rating to a "sell" rating and set a $21.63 price objective for the company in a research report on Monday.

First American Trust FSB cut its position in General Electric Company (NYSE:GE) by 45.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. Ohio-based Cleararc Capital Incorporated has invested 0.86% in General Electric Company (NYSE:GE). Alps Advsr has invested 0.32% of its portfolio in General Electric Company (NYSE:GE). Geode Cap Mngmt Limited Liability Co reported 0% in Presbia PLC (NASDAQ:LENS). Glenmede Trust Na holds 100 shares. For the next year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.48 to $1.89.

According to Zacks, analysts expect that General Electric will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.65.

General Electric (GE) traded down 0.25% during trading on Friday, hitting $24.18. Aperio Gp Lc reported 0.02% stake. It also reduced Ishares Tr (ACWI) stake by 6,926 shares and now owns 12,765 shares. Suntrust Banks Inc reported 0% stake.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.08, from 1.32 in 2017Q1.

Several institutional investors have recently modified their holdings of POR. 3 funds opened positions while 2 raised stakes. Hoertkorn Richard Charles owns 36,499 shares. Keating Inv Counselors Incorporated holds 3.01% or 254,139 shares in its portfolio. Lvm Cap Limited Mi reported 0.23% of its portfolio in General Electric Company (NYSE:GE). Fmr Llc invested in 2.57 million shares. Axa reported 84,299 shares or 0.02% of all its holdings. Northstar Asset Ltd Company has 0.63% invested in General Electric Company (NYSE:GE) for 52,101 shares. Oregon Public Employees Retirement Fund invested in 73,612 shares. Hills Retail Bank Co holds 77,913 shares or 0.68% of its portfolio. Park National Corporation Oh owns 39,305 shares. Therefore 33% are positive. The firm has "Buy" rating given on Monday, July 10 by RBC Capital Markets. UBS has "Buy" rating and $34 target. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Wednesday, October 14 by Stifel Nicolaus. Barclays PLC now has a $44.00 price target on the utilities provider's stock, up from their prior price target of $41.00. More interesting news about General Electric Company (NYSE:GE) were released by: Investorplace.com and their article: "General Electric Company (GE) Stock Awaits Impact of New CEO's Fat Cuts" published on September 28, 2017 as well as Seekingalpha.com's news article titled: "General Electric: The Sum Of All Fears Materializes" with publication date: September 26, 2017. The stock has "Buy" rating by Jefferies on Monday, June 26. On Monday, January 25 the stock rating was maintained by RBC Capital Markets with "Outperform". The stock has "Neutral" rating by Rosenblatt on Friday, October 16. During the same period in the previous year, the business earned $0.51 earnings per share.

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