General Electric Company (GE) is Resumed by JP Morgan to Underweight

General Electric Company (GE) was Resumed by JP Morgan to “Underweight”. JP Morgan advised their investors in a research report released on May 12, 2016.

Many Wall Street Analysts have commented on General Electric Company. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .

On the company’s financial health, General Electric Company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.19. The company had revenue of $27597.00 million for the quarter, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

General Electric Company opened for trading at $29.99 and hit $30.56 on the upside on Tuesday, eventually ending the session at $30.48, with a gain of 2.04% or 0.61 points. The heightened volatility saw the trading volume jump to 2,71,30,428 shares. Company has a market cap of $280,284 M.

In a different news, on Apr 27, 2016, Alexander Dimitrief (Senior Vice President) purchased 105 shares at $30.51 per share price. According to the SEC, on Feb 5, 2016, Jeffrey S Bornstein (Senior Vice President) sold 168,313 shares at $28.87 per share price. On May 1, 2015, Francisco Dsouza (director) purchased 36,500 shares at $27.26 per share price, according to the Form-4 filing with the securities and exchange commission.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

General Electric Company

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