General Electric (NYSE:GE) Given Daily Coverage Optimism Rating of -1.00

Press coverage about General Electric (NYSE:GE) has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. General Electric earned a news impact score of -1.00 on their scale. InfoTrie also assigned media headlines about the conglomerate an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have effected General Electric’s ranking:

Shares of NYSE:GE traded up $0.56 during midday trading on Thursday, hitting $8.12. 123,128,566 shares of the stock were exchanged, compared to its average volume of 83,409,953. General Electric has a twelve month low of $5.90 and a twelve month high of $13.26. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average price of $10.28 and a 200-day moving average price of $10.49. The stock has a market cap of $70.98 billion, a P/E ratio of -13.10, a PEG ratio of 2.35 and a beta of 1.12.

General Electric (NYSE:GE) last issued its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. General Electric had a negative net margin of 4.71% and a positive return on equity of 14.12%. The firm had revenue of $26.24 billion for the quarter, compared to analysts’ expectations of $25.77 billion. During the same period in the prior year, the company earned $0.17 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts expect that General Electric will post 0.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, March 9th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, March 6th. General Electric’s dividend payout ratio (DPR) is presently 6.15%.

A number of equities research analysts have commented on the company. Imperial Capital raised their target price on General Electric from $5.00 to $8.00 in a report on Monday, March 2nd. Citigroup lowered their price target on shares of General Electric from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Bank of America reiterated a “buy” rating and issued a $16.00 price target on shares of General Electric in a report on Thursday, March 5th. JPMorgan Chase & Co. upgraded shares of General Electric from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $5.00 to $8.00 in a research note on Monday, March 2nd. Finally, Zacks Investment Research raised shares of General Electric from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a report on Friday, March 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.35.

About General Electric

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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