General Electric Co. on Friday reported better-than-expected revenue and adjusted profit in its second quarter, as earnings grew in its core industrials business. For the week, the shares have posted returns of 1.9%.A block trade registered during the day has revealed $10.85 million in upticks and $63.63 million in downticks.
The company is also in the middle of a legal battle with European regulators over its proposed $14 billion purchase of Alstom’s power unit. The most bullish brokerage firm sees the stock heading to $39, while the most conservative estimate has an objective of $36.
Portland General Electric Company (NYSE:POR) stock has received a short term price target of $ 37.57 from 7 Analyst. General Electric Company has dropped 1.68% during the last 3-month period.
Analysts at Morgan Stanley reiterated an “equal weight” rating and set a $29.00 price target on shares of General Electric Company in a research note on Friday, July 10th. The brokerage firm lowers the price target from $40 per share to $36 per share.
FAIRFIELD, Conn. (AP) – General Electric reported larger profits in the second quarter as orders and backlog improved. 1 analysts suggested buying the company. Quarterly net income expectations, coupled with those for revenue estimates, would produce a 120 basis points (bps) YoY improvement in General Electric’s net income margin, arriving at 11.20%. Year-to-Date the stock performance stands at 7.82%. The heightened volatility saw the trading volume jump to 27,925,145 shares.
Investors are watching shares of General Electric Company (NYSE:GE) today as the stock opened the current trading session at 26.980 and at the time of writing the last Bid was at 26.915. 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 now has an average rating of “Hold” and a consensus price target of $28.82. As of December 31, 2009, the Company served a total of 815,739 retail customers. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. In April 2014, the Companys GE Healthcare acquired CHCA Computer Systems Inc., operating room (OR) management and analytics solutions provider.