Somewhat Positive Press Coverage Somewhat Unlikely to Impact General Electric (GE) Share Price

News headlines about General Electric (NYSE:GE) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General Electric earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the conglomerate an impact score of 45.7152204473612 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

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These are some of the media stories that may have effected Accern’s analysis:

General Electric: No, That Wasn’t the Kitchen Sink – Barron’s (barrons.com)
General Electric Yields 3.76% At Its 52-Week Low – Seeking Alpha (seekingalpha.com)
General Electric Is In A Big Mess – Seeking Alpha (seekingalpha.com)
Is A Breakup Of General Electric Imminent? – Seeking Alpha – Seeking Alpha (seekingalpha.com)
General Electric’s (GE) Buy Rating Reiterated at Citigroup Inc. (americanbankingnews.com)

A number of analysts recently issued reports on the company. Citigroup Inc. reissued a “buy” rating and issued a $31.00 target price (down from $34.00) on shares of General Electric in a research report on Monday. Morgan Stanley set a $26.00 target price on General Electric and gave the company a “neutral” rating in a research report on Monday. J P Morgan Chase & Co set a $22.00 target price on General Electric and gave the company a “sell” rating in a research report on Monday. Goldman Sachs Group, Inc. (The) set a $27.00 target price on General Electric and gave the company a “neutral” rating in a research report on Monday. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $33.00 target price on shares of General Electric in a research report on Saturday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. General Electric has an average rating of “Hold” and a consensus price target of $30.75.

Shares of General Electric (NYSE GE) opened at 25.43 on Tuesday. The stock’s 50 day moving average price is $27.35 and its 200 day moving average price is $29.04. General Electric has a 12-month low of $25.26 and a 12-month high of $32.38. The firm has a market cap of $220.50 billion, a PE ratio of 30.97 and a beta of 1.22.

General Electric (NYSE:GE) last announced its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.60%. The company had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. During the same period in the previous year, the business earned $0.51 EPS. The company’s revenue was down 11.8% on a year-over-year basis. On average, equities research analysts predict that General Electric will post $1.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, June 15th. General Electric’s dividend payout ratio (DPR) is currently 118.52%.

In other news, Director William G. Beattie bought 16,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $28.05 per share, with a total value of $448,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Jeffrey R. Immelt bought 100,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $28.07 per share, for a total transaction of $2,807,000.00. Following the completion of the purchase, the chairman now owns 2,561,926 shares in the company, valued at $71,913,262.82. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 120,000 shares of company stock worth $3,366,600. Company insiders own 0.36% of the company’s stock.

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