Stick With General Electric Co. (GE). The Bull Are Alive And Well

Currently, there are 1.09B common shares owned by the public and among those 1.09B shares have been available to trade.

The company’s stock has a 5-day price change of 0.12% and 36.66% over the past three months. GE shares are trading 37.40% year to date (YTD), with the 12-month market performance up to 86.43% higher. It has a 12-month low price of $93.47 and touched a high of $180.36 over the same period. GE has an average intraday trading volume of 6.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.67%, 15.29%, and 41.47% respectively.

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Institutional ownership of General Electric Co. (NYSE: GE) shares accounts for 76.34% of the company’s 1.09B shares outstanding.

It has a market capitalization of $191.72B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 20.98, while the earnings-per-share (ttm) stands at $8.36. The company has a PEG of 0.56 and a Quick Ratio of 0.85 with the debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 2.54% over the month.

Analysts forecast that General Electric Co. (GE) will achieve an EPS of $0.65 for the current quarter, $1.06 for the next quarter and $6.02 for 2025. The lowest estimate earnings-per-share for the quarter is $0.6 while analysts give the company a high EPS estimate of $0.71. Comparatively, EPS for the current quarter was $0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 63.33%, and 30.65% over the next financial year.

Looking at the support for the GE, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on March 27, 2024, with the firm’s price target at $177-$200. JP Morgan coverage for the General Electric Co. (GE) stock in a research note released on March 08, 2024 offered a Overweight rating with a price target of $180. RBC Capital Mkts was of a view on December 18, 2023 that the stock is Outperform, while Wells Fargo gave the stock Overweight rating on December 15, 2023, issuing a price target of $115- $144. Wolfe Research on their part issued Outperform rating on December 08, 2023.

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