J.P. Morgan Maintains Overweight Rating On General Electric (GE)

J.P. Morgan JPM analysts released a report on General Electric GE on Monday. The company released earnings results on July 16, reporting EPS of $0.30 compared to estimates of $0.27. The analysts wrote that "the stock is one of only a few in the sector that look cheap on a conservative sum of the parts, on numbers that likely remain too low, and we remain Overweight despite ongoing macro uncertainty." The firm has a price target of $23.00 on GE shares. During today's trading session, the stock has gained 0.31% to $14.60. Over the last 3 months, GE has fallen nearly 23%. GE trades at a trailing P/E of 15, a forward P/E of 11.05, and a PEG ratio of 1.24.