Somewhat Favorable Media Coverage Somewhat Unlikely to Affect General Electric (NYSE:GE) Share Price

Press coverage about General Electric (NYSE:GE) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. General Electric earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.237550001983 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s analysis:

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Shares of General Electric stock opened at $13.28 on Thursday. General Electric has a 52 week low of $12.73 and a 52 week high of $30.54. The firm has a market cap of $114,002.23, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.55 and a beta of 1.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.87 and a quick ratio of 1.59.

General Electric (NYSE:GE) last announced its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The firm had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. During the same period last year, the firm earned $0.46 EPS. General Electric’s quarterly revenue was down 5.1% on a year-over-year basis. sell-side analysts forecast that General Electric will post 0.96 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s payout ratio is presently 45.71%.

GE has been the topic of a number of recent research reports. Morningstar set a $23.50 target price on General Electric and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price objective on the stock. in a report on Wednesday, January 10th. Citigroup decreased their price objective on General Electric from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a report on Wednesday, January 24th. Finally, Barclays started coverage on General Electric in a report on Thursday, February 15th. They set an “equal weight” rating and a $16.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and an average price target of $18.09.

In related news, insider Alexander Dimitrief bought 2,689 shares of General Electric stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $16.16 per share, with a total value of $43,454.24. Following the purchase, the insider now owns 81,185 shares in the company, valued at $1,311,949.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.12% of the stock is currently owned by corporate insiders.

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General Electric Company Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

Insider Buying and Selling by Quarter for General Electric (NYSE:GE)

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