Published: Thu, March 09, 2017
Finance | By Laverne Griffith

General Electric Company (NYSE:GE) Sees Volume Pop in Session


07/31/2016 - American Electric Power Company, Inc. had its "hold" rating reiterated by analysts at Hilliard Lyons. They now have a Dollars 67 price target on the stock.

The mean revenue estimate for the current fiscal period ending March 2017 is $3.48B by 17 brokerage firms.

Several analysts recently weighed in on the stock.

Whether or not the company meets or beats this expectation, along with other factors, can often dictate where the share price might be headed in the near-term.

Shares of Emerson Electric Company (NYSE:EMR) traded up 1.17% on Wednesday, reaching $56.97. HSBC Holdings plc upgraded Emerson Electric Company from a "reduce" rating to a "hold" rating and set a $55.00 price objective on the stock in a research report on Friday. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. General Electric Company has a 52-week low of $28.19 and a 52-week high of $33.00.

The company reported its EPS on 01/20/2017. After heavily investing in financial and capital businesses, GE again moved their focus towards industrial businesses, leading it to sell billions in assets in the last twelve months. The firm shows a 20-Day Simple Moving Average of -1.95% with a 200-Day Simple Moving Average of 11.97%. The stock has a market capitalization of $36.62 billion, a P/E ratio of 22.61 and a beta of 1.20. The company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.46. According to these analysts, the Low Revenue Estimate for Emerson Electric Co.is 3.38 Billion and the High Revenue Estimate is 3.6 Billion. The Return on Equity (ROE) value stands at 0%. As for the quarter ended 2016-12-31, continuing operations produced EPS of $0.39. (NYSE:EMR) also in plain sight to attract passive investors, shares in most recent trading session are rising -0.07% after traded at $60.33.

Emerson Electric Co. (NYSE:EMR) Industrial Electrical Equipment has a Current Ratio of 2.1 with a Quick Ratio value of 1.8.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Monday, February 27th will be issued a dividend of $0.24 per share.

"RBC Capital Markets Reiterates Outperform Rating for General Electric Company (GE)" was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of global trademark & copyright legislation. Emerson Electric Co. Industrial Electrical Equipment has a PEG of 2.82 alongside a PS value of 2.7 and a PB value of 5.03.

Shares of General Electric Company (NYSE:GE) opened at 29.86 on Wednesday. The stock was trading on below-average volume. Following the transaction, the vice president now owns 72,647 shares in the company, valued at approximately $4,599,281.57.

In other news, insider Jeffrey S. Bornstein purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, January 31st.

Emerson Electric Co.'s (EMR) witnessed a loss of -0.07% in recent trading period with closing price of $ 60.33. M&R Capital Management Inc. now owns 122,801 shares of the company's stock valued at $3,880,000 after buying an additional 1,551 shares during the period. The disclosure for this sale can be found here.

A number of other hedge funds have also recently added to or reduced their stakes in GE. The count of Hold ratings in that period was 2. Korea Investment CORP boosted its position in shares of General Electric Company by 8.9% in the second quarter.

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