Boston, MA 02/21/2014 (wallstreetpr) – General Electric Company (NYSE:GE) has been the subject of mixed rating in the market with the recent one being that of analysts at TheStreet who have an emphasized a “Buy” rating on the company stock. The company’s shares were the subject of unusually large options of trading on Wednesday February 12, 2014 where investors purchased a total of 132,717 call options of the company. This was a massive movement of 235% compared to normal daily volumes of 39,587.
General Electric Mixed ratings
Analysts at Zacks on their research note on Monday January 20 reiterated a neutral rating on the company although they have now changed their price target on the stock to $28. The company is now rated as a “sale” by one Investment Company, a “Hold” by seven and nine have reiterated a rating of “Buy”. General Electric Company (NYSE:GE) average rating stands at a “Hold” with a high target price of $27.88.
General Electric Company (NYSE:GE) currently has a 52 week high of $28.09 and a low of $21.1. The company’s 50 day moving average stands at $26.05 and $25.50 for 200 days. General market capitalization stands at $256.3 billion with a P/E ratio of 18.85
General Electric Company (NYSE:GE) last financial results met consensus clocking in at $0.53 for earnings per share at the back of total revenues of $40.40 billion for the fourth quarter. This was slightly up compared to consensus estimates for the quarter of $40.22 billion. The same quarter a year ago the company had posted earnings per share of $0.44 with revenue growing by 3.1% in the fourth quarter.
General Electric Company (NYSE:GE) has also declared quarterly dividend to its investors for April 25, 2014 with investors on record as of February 24, 2014 being eligible for payment of $0.22 per share held.
General Electric Company (NYSE:GE) remained unmoved on Thursday trading session dropping slightly by 0.24% to close the day at $25.12.
