Stock Update: General Electric Company (NYSE:GE) – Diversified Machinery Equities Technical Briefing — General Electric, Danaher, Honeywell Intl., and 3M Co.

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 25, 2016 / Park Lane Advisor has initiated coverage on the following equities: General Electric Company (NYSE: GE), Danaher Corporation (NYSE: DHR), Honeywell International … Read more on this. General Electric Company (GE) , with a current market cap of $266.66B, began trading this morning at $28.32. Looking at today’s market, GE one day range is $28.00 to $28.49 with a trailing 52-week range being $19.37 to $31.49. GE shares are currently priced at 18.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.10x earnings multiple. The company pays shareholders $0.92 per share in dividend income per year, for a current yield of 3.26%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $0.27 per share, which would be $0.07 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $1.51, which would be a $0.20 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.70 Billion. If reported, that would be a 1.16% increase over the year-ago quarter. Recently, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. The average price target for GE shares by the analysts covering the stock is $32.43, which is 14.51% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update: General Electric Company (NYSE:GE) – General Electric to move headquarters to Boston – report Market Update: General Electric Company (NYSE:GE) – Execution on Divestiture Plan Continues – Report on General Electric Market Update: General Electric Company (NYSE:GE) – Poland’s PZU says General Electric may sell Bank BPH this year
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