General Electric (GE) Receiving Somewhat Critical Press Coverage, InfoTrie Reports

Media stories about General Electric (NYSE:GE) have been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. General Electric earned a media sentiment score of -1.40 on their scale. InfoTrie also gave news stories about the conglomerate an news buzz score of 6 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected General Electric’s score:

General Electric stock opened at $10.30 on Friday. General Electric has a fifty-two week low of $6.66 and a fifty-two week high of $15.59. The company has a quick ratio of 1.43, a current ratio of 1.81 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $84.74 billion, a PE ratio of 15.85, a PEG ratio of 3.33 and a beta of 0.99.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). General Electric had a negative net margin of 18.38% and a positive return on equity of 9.85%. The firm had revenue of $33.28 billion during the quarter, compared to analysts’ expectations of $32.01 billion. On average, equities research analysts expect that General Electric will post 0.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Friday, March 8th. General Electric’s payout ratio is currently 6.15%.

GE has been the subject of a number of recent analyst reports. Goldman Sachs Group set a $9.00 price target on General Electric and gave the stock a “neutral” rating in a report on Friday, November 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $13.00 price target on shares of General Electric in a report on Tuesday, November 20th. Morningstar set a $13.70 price target on General Electric and gave the stock a “buy” rating in a report on Wednesday, November 21st. Deutsche Bank decreased their price target on General Electric from $11.00 to $7.00 and set a “hold” rating for the company in a report on Friday, November 30th. Finally, UBS Group set a $13.00 price target on General Electric and gave the stock a “buy” rating in a report on Monday, December 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.44.

In other news, insider Russell Stokes sold 49,904 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.93, for a total value of $495,546.72. Following the completion of the sale, the insider now directly owns 265,986 shares of the company’s stock, valued at approximately $2,641,240.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is currently owned by insiders.

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General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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