Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on General Electric GE in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 8 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 4 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 3 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $172.18, a high estimate of $200.00, and a low estimate of $148.00. Marking an increase of 12.73%, the current average surpasses the previous average price target of $152.73.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive General Electric. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joe O'Dea | Wells Fargo | Raises | Overweight | $200.00 | $177.00 |
| Joe Ritchie | Goldman Sachs | Raises | Buy | $177.00 | $156.00 |
| Chris Snyder | UBS | Raises | Buy | $191.00 | $138.00 |
| Deane Dray | RBC Capital | Raises | Outperform | $180.00 | $170.00 |
| Seth Seifman | JP Morgan | Raises | Overweight | $180.00 | $166.00 |
| Seth Seifman | JP Morgan | Raises | Neutral | $166.00 | $134.00 |
| Deane Dray | RBC Capital | Raises | Outperform | $170.00 | $148.00 |
| 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 |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of General Electric compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of General Electric's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of General Electric's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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 Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, General Electric showcased positive performance, achieving a revenue growth rate of 15.43% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: General Electric's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.2% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.68%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): General Electric's ROA stands out, surpassing industry averages. With an impressive ROA of 1.0%, the company demonstrates effective utilization of assets and strong financial performance.
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.
How Are Analyst Ratings Determined?
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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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