Market Update: General Electric Company (NYSE:GE) – Jump Capital, GE Ventures and Two Roads Join $13.5 Million Series B Investment in Sight Machine

[Business Wire] – Sight Machine Inc., leading the digital transformation of manufacturing, today announced it has raised $13.5 million in Series B venture capital. The round is led by Chicago-based Jump Capital and includes GE Ventures, Two Roads Group and Pritzker Group Venture Capital. Read more on this. General Electric Company (GE) , valued at $290.32B, began trading this morning at $30.97. Today, shares have traded between $30.97 and $31.22 per share with a trailing 52-week range being $19.37 to $31.49. General Electric (GE) shares are currently priced at 20.73x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.21x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.92 per share annually in dividends, yielding 2.98%. According to a consensus of 14 analysts, the earnings estimate of $0.20 per share would be $0.00 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $1.50 which would be a $0.19 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $28.11 Billion. If reported, that would be a 4.26% decrease over the year-ago quarter. More 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 $32.69, which is 5.55% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update: General Electric Company (NYSE:GE) – Execution on Divestiture Plan Continues – Report on General Electric Stock Update: General Electric Company (NYSE:GE) – GE Capital Announces Pricing Terms of Private Exchange Offers Market Update: General Electric Company (NYSE:GE) – Poland’s PZU says General Electric may sell Bank BPH this year