General Electric (GE) Getting Somewhat Positive News Coverage, Analysis Finds

Media stories about General Electric (NYSE:GE) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Electric earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 45.7774526923128 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of General Electric (NYSE:GE) opened at $14.45 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09. General Electric has a 1-year low of $14.45 and a 1-year high of $30.59. The firm has a market capitalization of $125,310.00, a price-to-earnings ratio of 13.38, a P/E/G ratio of 2.90 and a beta of 0.93.

General Electric (NYSE:GE) last issued its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. The business had revenue of $31.40 billion for the quarter, compared to analyst estimates of $33.93 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. equities analysts anticipate that General Electric will post 0.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a yield of 3.32%. General Electric’s payout ratio is currently 44.44%.

Several research analysts have recently issued reports on the stock. Citigroup set a $28.00 price target on shares of General Electric and gave the stock a “buy” rating in a report on Monday, October 23rd. UBS Group downgraded shares of General Electric from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $31.00 to $24.00 in a report on Monday, October 23rd. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target for the company. in a report on Wednesday, January 10th. Royal Bank of Canada downgraded shares of General Electric from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $25.00 to $20.00 in a report on Tuesday, November 14th. Finally, Deutsche Bank decreased their price objective on General Electric from $18.00 to $15.00 and set a “sell” rating for the company in a report on Tuesday, November 21st. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.31.

In other General Electric news, Director Steven M. Mollenkopf purchased 5,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the acquisition, the director now owns 5,500 shares in the company, valued at approximately $100,320. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander Dimitrief purchased 2,689 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $16.16 per share, with a total value of $43,454.24. Following the completion of the acquisition, the insider now owns 81,185 shares in the company, valued at approximately $1,311,949.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 124,370 shares of company stock valued at $2,245,570. Company insiders own 0.36% of the company’s stock.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

Insider Buying and Selling by Quarter for General Electric (NYSE:GE)

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