Stock Update: General Electric Company (NYSE:GE) – Top 2016 Healthcare Trends Predicted by GE Healthcare Camden Group

[Marketwired] – The nation’s healthcare system will undergo tremendous changes in 2016, predicts GE Healthcare Camden Group in its annual outlook for the coming year. While macro factors are at play, some of the greatest … Read more on this. General Electric Company (GE) , with a current value of $268.88B, opened this morning at $28.69. Looking at today’s trading action, the company’s one day range from $28.41 to $28.89 and has traded between $19.37 and $31.49 over the past 12 months. Priced at 22.09x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 14.10x forward p/e ratio. The company pays shareholders $0.92 per share annually in dividends, yielding 3.17%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $0.49 per share, which would be $0.07 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.29 is a $0.36 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 $35.99 Billion. If realized, that would be a 14.31% decrease over the year-ago quarter. Recently, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. When considering if the stock is under or overvalued, the average price target is $32.33, which is 12.69% 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 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) – GE to sell healthcare finance business to Capital One for $9 bln
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