General Electric Company (NYSE:GE) currently has an Average Broker Rating of 2.62. The ABR rank within the industry stands at 55. This number is based on the 13 sell-side firms polled by Zacks.
The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Analysts on a consensus basis are expecting that the stock will reach $22.11 within the year.
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Most recently General Electric Company (NYSE:GE) posted quarterly earnings of $0.29 which compared to the sell-side estimates of 0.5. The stock’s 12-month trailing earnings per share stands at $1.24. Shares have moved $-10.83 over the past month and more recently, $-0.94 over the past week heading into the earnings announcement. There are 5 analyst projections that were taken into consideration from respected brokerage firms.
Research analysts are predicting that General Electric Company (NYSE:GE) will report earnings of $0.29 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.
General Electric Company (NYSE:GE) closed the last session at $17.95 and sees an average of 86569952 shares trade hands in each session. The 52-week low of the stock stands at $17.83 while the current level stands at 0.83% of the 52-week High-Low range. Looking further out we can see that the stock has moved -24.33% over the past 12 weeks and -43.2% year to date.
6 analysts rate General Electric Company a Buy or Strong Buy, which is 46.15% of all the analyst ratings.
This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.