Media stories about General Electric (NYSE:GE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Electric earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the conglomerate an impact score of 46.237550001983 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Opinion: This popular Dow stock looks ready to join GE on the discard pile – MarketWatch (marketwatch.com)
- Utica weighing offers on former General Electric facility – Utica Observer Dispatch (uticaod.com)
- GE makes biggest audit payout to KPMG this century – Boston Business Journal (bizjournals.com)
- GE’s top executives won’t get bonuses after company’s awful year – CNNMoney (money.cnn.com)
- General Electric axes top-executive bonuses for first time – CNBC (cnbc.com)
General Electric (NYSE GE) traded down $0.67 during mid-day trading on Tuesday, hitting $14.43. The stock had a trading volume of 118,720,000 shares, compared to its average volume of 83,330,000. The firm has a market cap of $125,290.00, a P/E ratio of -48.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.00. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. General Electric has a 1-year low of $13.95 and a 1-year high of $30.54.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.33%. General Electric’s payout ratio is -160.00%.
GE has been the subject of several analyst reports. Vertical Research set a $18.00 price target on General Electric and gave the company a “hold” rating in a report on Tuesday, January 16th. UBS Group initiated coverage on General Electric in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 price target for the company. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a report on Wednesday, January 24th. Citigroup set a $25.00 price target on General Electric and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Goldman Sachs Group set a $22.00 price target on General Electric and gave the company a “neutral” rating in a report on Tuesday, November 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and a consensus price target of $18.27.
In other news, insider Alexander Dimitrief acquired 2,689 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the acquisition, the insider now directly owns 81,185 shares in the company, valued at approximately $1,311,949.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.
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General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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