However, on the flip side, weakened industrial spending and oil price volatility continue to thwart the company's top-line.
A number of other research firms have also recently issued reports on GE. Bank of America Corp cut Portland General Electric Company from a "neutral" rating to an "underperform" rating and set a $39.00 target price on the stock.in a research note on Tuesday, November 22nd. RBC Capital Markets set a $37.00 target price on shares of General Electric Company and gave the company a buy rating in a research note on Thursday, December 15th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of "Hold" and an average price target of $33.33.
Shares of General Electric Company (NYSE:GE) traded down 0.10% during midday trading on Friday, reaching $31.36. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.09. The company has a market capitalization of $262.18 billion, a PE ratio of 33.27 and a beta of 1.20. The 52-Week High range of the stock is $64.36, while the 52-week low range is $48.45. The correct version of this piece can be accessed at https://www.com-unik.info/2017/03/01/fort-pitt-capital-group-llc-lowers-position-in-general-electric-company-ge.html. (NYSE:TJX) last announced results for quarter ended on 31 Jan 2017, disclosing EPS of $1.03 The reported earnings per share topped the analyst's consensus by $0.03 with the percentage difference between estimated and actual earnings arriving at 3.00%. The company had revenue of $33.10 billion for the quarter, compared to the consensus estimate of $33.67 billion. Portland General Electric Company had a net margin of 9.64% and a return on equity of 7.99%. The firm's revenue for the quarter was down 2.4% compared to the same quarter past year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, equities research analysts anticipate that Emerson Electric Company will post $2.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Monday, February 27th will be given a dividend of $0.24 per share. The dividend yield based on the forward looking indicated annual dividend is 3.21%. If a company has a PEG Ratio over one, it may represent that the company is overvalued. The firm attains analyst recommendation of 2.10 with week's performance of 0.33%. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of U.S. and global copyright and trademark law. Cable Hill Partners LLC increased its position in General Electric Company by 38.4% in the third quarter.
In related news, VP Steven J. Pelch sold 7,839 shares of Emerson Electric Company stock in a transaction on Friday, February 10th. According to their observations and findings, the stock could provide a high EPS of $0.61/share and a Low EPS of $0.55/share. Williams Capital analyst C. Ellinghaus forecasts that the brokerage will post earnings per share of $2.42 for the year. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Hedge funds and other institutional investors own 53.36% of the company's stock. First Pacific Advisors LLC increased its position in General Electric Company by 2.4% in the second quarter. Stock exchanged hands with the total volume of 4.20 Million shares, as contrast to its average volume of 4.62 Million shares.
While trading at volume above than average, Emerson Electric Co.
When we look at the Analyst Recommendations of the stock, the company has 1.3 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. New Harbor Financial Group LLC raised its stake in General Electric Company by 46.0% in the third quarter. The company had revenue of $33088.00 million for the quarter, compared to analysts expectations of $33668.72 million. Catamount Wealth Management increased its position in General Electric Company by 34.8% in the second quarter. The stock remained 1.33% volatile for the week and 1.49% for the month.
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