Market Update (NYSE:GE): 3MF Consortium Announces New Founding Member, GE Global Research

[Business Wire] – The 3MF Consortium, an industry association created to develop and promote a new full-fidelity file format for 3D printing, today announced that GE Global Research, the central technology development hub of GE , which is pioneering uses for additive manufacturing, has joined at the Founding membership level. Read more on this. General Electric Company (GE) , valued at $265.91B, started the session at $28.20. Shares have traded today between $28.09 and $28.31 per share with a one year range of $19.37 to $31.49. Priced at 18.87x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 13.73x forward p/e ratio. The company pays shareholders $0.92 per share annually in dividends, yielding 3.26%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.20 per share, which would be $0.00 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $1.50, which would be a $0.19 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $28.32 Billion. If realized, that would be a 3.54% 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. When considering if the stock is under or overvalued, the average price target is $32.29, which is 14.50% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update (NYSE:GE): GE Capital Announces Expiration and Final Results of Private Exchange Offers Stock Update: General Electric Company (NYSE:GE) – GE Capital Announces Pricing Terms of Private Exchange Offers Market Update (NYSE:GE): GE Capital Announces Private Exchange Offers for Certain Outstanding Notes of GE Capital from Eligible Holders
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