Stock Update: General Electric Company (NYSE:GE) – From Bhikki to Balloki: GE and Harbin to Deliver Second High-Efficiency HA Gas Power Plant for Pakistan

[Business Wire] – With Pakistan facing a projected 5 gigawatt energy shortfall, the Federal Government of Pakistan is moving forward with plans to avoid blackouts and meet growing power needs. As part of the government’s plan, GE will provide two high-efficiency 9HA gas turbines, one steam turbine and associated equipment to Harbin Electric International Company Limited for the new 1.2 GW Balloki combined-cycle power … Read more on this. General Electric Company (GE) , with a current market cap of $293.14B, began trading this morning at $30.46. During the trading session, GE traded between $30.42 to $31.11 with the price of the stock fluctuating between $19.37 to $31.11 over the last 52 weeks. General Electric (GE) shares are currently priced at 23.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.80x earnings multiple for the same period. The company pays shareholders $0.92 per share in dividend income per year, for a current yield of 3.04%. According to a consensus of 13 analysts, the earnings estimate of $0.51 per share would be $0.05 worse than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $1.30 is a $0.35 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $35.72 Billion. If realized, that would be a 14.95% decrease 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 $31.77, which is 4.30% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update: General Electric Company (NYSE:GE) – Phu My Power Plant Upgrade in Vietnam Marks GE’s First Services Order to be Announced after Acquiring Alstom’s Power & Grid Businesses Stock Update: General Electric Company (NYSE:GE) – GE to Invest Up to $1 Billion in Indonesia’s Power, Oil and Gas, and Healthcare Sectors to Help Accelerate Infrastructure Growth Market Update: General Electric Company (NYSE:GE) – Poland’s PZU says General Electric may sell Bank BPH this year