How Do General Electric Co. (NYSE:GE)’s Fundamentals Affect Performance

The price of General Electric Co. (NYSE:GE) shares last traded on Wall Street fell -0.81% to $116.30.

Based on available information, 18 analysts follow General Electric Co. (NYSE:GE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $115.00, we find $135.00. Given the previous closing price of $117.25, this indicates a potential upside of 15.14 percent. GE stock price is now 4.47% away from the 50-day moving average and 12.66% away from the 200-day moving average. The market capitalization of the company currently stands at $126.58B.

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Among analysts, 7 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $133.38 as their price target over the next twelve months.

With the price target of $141, Deutsche Bank recently initiated with Buy rating for General Electric Co. (NYSE: GE).

In other news, Holston Michael J, Senior Vice President sold 112,614 shares of the company’s stock on Jul 27. The stock was sold for $12,973,133 at an average price of $115.20. Upon completion of the transaction, the Senior Vice President now directly owns 57,923 shares in the company, valued at $6.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 30, 10% Owner GENERAL ELECTRIC PENSION TRUST bought 35,160 shares of the business’s stock. A total of $35,000,000 was incurred on buying the stock at an average price of $995.44. This leaves the insider owning 175,160 shares of the company worth $20.37 million. Insiders disposed of 477,945 shares of company stock worth roughly $55.59 million over the past 1 year. A total of 0.36% of the company’s stock is owned by insiders.

A candlestick chart of General Electric Co. (NYSE: GE) showed a price of $116.96 on Wednesday morning. During the past 12 months, General Electric Co. has had a low of $59.85 and a high of $117.96. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.17, and a quick ratio of 0.82. According to the stock market information, the enterprise value for the company is $127.22B, which is based on a 13.32 price-to-earnings ratio, a 0.42 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for GE is $111.40 and a two-hundred day moving average price translates $103.41 for the stock.

The latest earnings results from General Electric Co. (NYSE: GE) was released for Sep, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.82, beating analysts’ expectations of $0.56 by 0.26. This compares to $0.37 EPS in the same period last year. The net profit margin was 13.62% and return on equity was 32.47% for GE. The company reported revenue of $17.35 billion for the quarter, compared to $14.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.88 percent. For the current quarter, analysts expect GE to generate $17.43B in revenue.

General Electric Co.(GE) Company Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The company also provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. In addition, it designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. Further, the company engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.

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