General Electric (GE) Getting Somewhat Favorable Media Coverage, Analysis Finds
Headlines about General Electric (NYSE:GE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. General Electric earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the conglomerate an impact score of 46.0620937988076 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- GE’s plan to shed company-owned planes shocks private-jet industry (seattletimes.com)
- General Electric Can’t Shake Position as DJIA’s Biggest Loser in 2017 (feedproxy.google.com)
- Industrial Control Systems Market Key Players Profiles – ABB Ltd, Emerson Electric Company, Siemens AG, Mitsubishi Electric, General Electric (sbwire.com)
- General Electric : Uzbekistan, U.S. sign agreements worth $2.6 billion (4-traders.com)
- General Electric : GE is said to near sale of industrial-solutions unit to ABB (4-traders.com)
General Electric (NYSE:GE) traded up 0.48% during midday trading on Friday, reaching $24.87. 39,717,546 shares of the company traded hands. General Electric has a one year low of $23.58 and a one year high of $32.38. The stock has a market capitalization of $215.32 billion, a P/E ratio of 30.29 and a beta of 1.22. The company has a 50 day moving average price of $24.74 and a 200-day moving average price of $27.46.
General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The company had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The firm’s revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. Analysts forecast that General Electric will post $1.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, September 15th. General Electric’s dividend payout ratio (DPR) is 118.52%.
A number of equities analysts recently commented on GE shares. Stifel Nicolaus reiterated a “buy” rating on shares of General Electric in a research report on Wednesday, June 14th. Vetr upgraded shares of General Electric from a “hold” rating to a “buy” rating and set a $28.93 target price on the stock in a research report on Wednesday, June 7th. Citigroup Inc. reiterated a “buy” rating and issued a $34.00 target price (down previously from $36.00) on shares of General Electric in a research report on Monday, July 10th. UBS AG reiterated a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $31.00 target price on shares of General Electric in a research report on Friday, September 15th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.98.
In other General Electric news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total transaction of $633,375.45. Following the transaction, the insider now owns 175,717 shares of the company’s stock, valued at approximately $4,507,141.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Leonard Flannery bought 103,983 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $2,657,805.48. Following the transaction, the chief executive officer now directly owns 509,430 shares in the company, valued at approximately $13,021,030.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 233,253 shares of company stock worth $5,860,264 in the last three months. Insiders own 0.36% of the company’s stock.
About General Electric
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