Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on General Electric GE in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 6 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $151.0, a high estimate of $181.00, and a low estimate of $136.00. Observing a 10.22% increase, the current average has risen from the previous average price target of $137.00.
Decoding Analyst Ratings: A Detailed Look
The perception of General Electric by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Overweight | $181.00 | $153.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $153.00 | $144.00 |
| Deane Dray | RBC Capital | Lowers | Outperform | $148.00 | $150.00 |
| Joe O'Dea | Wells Fargo | Raises | Overweight | $148.00 | $144.00 |
| Seth Seifman | JP Morgan | Raises | Neutral | $136.00 | $124.00 |
| Deane Dray | RBC Capital | Raises | Outperform | $150.00 | $131.00 |
| Joe O'Dea | Wells Fargo | Raises | Overweight | $144.00 | $115.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $148.00 | $135.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to General Electric. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of General Electric compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of General Electric's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of General Electric's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on General Electric analyst ratings.
Unveiling the Story Behind General Electric
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading GE through a breakup of its businesses.
Understanding the Numbers: General Electric's Finances
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: General Electric displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 15.43%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: General Electric's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.2%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): General Electric's ROE stands out, surpassing industry averages. With an impressive ROE of 5.68%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.0%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.84, General Electric adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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