Company Update: General Electric Company (NYSE:GE)

[PRNewswire] General Electric Company (NYSE:GE)  (TREND ANALYSISat the centennial Radiological Society of North America (#RSNA14) annual meeting, GE Healthcare (GE) continues its legacy of big iron innovation with solutions aimed at: lowering dose; enhancing image quality to boost clinical confidence; and helping clinicians deliver more efficient, personalized care with diagnostic accuracy.

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In terms of market cap, General Electric Company (NYSE:GE) is now valued at 269.83 billion. The company last reported earnings per share of 1.48 on October 17th. The company is expected to report earnings per share next year 7.66% higher than this year. The five year earnings per share estimate is at 7.58%.

In terms of ownership, company insiders have purchased 3.50% of their stock over the past quarter while institutions have increased their positions by 0.50%. As a whole, institutions own 54.50% of the total outstanding shares.

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Several analysts have recently issued updates on the company. One recent update included RBC Capital Markets initiating coverage of the stock on November 25th with aOutperform rating and $30 price target. Prior to that, Stifel also weighed in on the stock. Stifel initiated their Buy stance on the company on September 17th moving their price target from $30. Analysts as a whole have a target price of $29.00 and a recommendation score of 2.10.

Company Profile

General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, generators, combined cycle systems, controls, and related services; wind turbines and solar technology; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment. The company’s Energy Management segments offers electrical distribution and control products, lighting and power panels, switchgears, and circuit breakers; engineering, inspection, mechanical, and emergency services; motors, drives, and control technologies; and plant automation, hardware, software, and embedded computing systems. Its Aviation segment offers jet engines, turboprop and turbo shaft engines, related replacement parts, and aerospace systems and equipment for military and commercial aircrafts; and maintenance, component repair, and overhaul services. The company’s Healthcare segment provides medical imaging and information technologies, medical diagnostics, and patient monitoring systems; and disease research, drug discovery, and remote diagnostic and repair services. Its Transportation segment offers freight and passenger locomotives, diesel engines for rail, marine, and stationary power applications; railway signaling and communications systems; underground mining equipment; motorized drive systems; energy storage systems; and information technology solutions. Its Home and Business Solutions segment manufactures home appliances and lighting products. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, home loans, credit cards, personal loans, and other financial services. The company was founded in 1892 and is headquartered in Fairfield, Connecticut.

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