Streetbeat News

General Electric Company

https://www.geaerospace.com

Industry

Aerospace & Defense

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.

Open

176.75

Mkt cap

191B

Volume

4.6M

High

177.92

P/E Ratio

34.90

52-wk high

194.80

Low

175.89

Div yield

0.01

52-wk low

94.31

General Electric Co (GE) announced better-than-expected Q2 results, driven by all three of its segments. However, Oppenheimer analyst Christopher Glynn downgraded the stock from Outperform to Perform, citing valuation concerns. GE shares have risen by 35% since the last upgrade in December 2022.

Portfolio Pulse from Priya Nigam

July 31, 2023 | 2:46 pm

Over the past 3 months, 9 analysts have published their opinion on General Electric (NYSE:GE) stock. The average price target is $126.33, implying an upside from the current price of $114.39. This average has increased by 9.01% from the previous average price target of $115.89.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 1:00 pm

Oppenheimer analyst Christopher Glynn has downgraded General Electric (NYSE:GE) from Outperform to Perform.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 11:08 am

A significant bearish stance has been taken on General Electric (NYSE:GE) as evidenced by unusual options activity. Benzinga's options scanner spotted 12 uncommon options trades for GE, with a split sentiment of 41% bullish and 58% bearish. The targeted price range for GE over the last 3 months is from $80.0 to $120.0. The current price of GE is up 1.3% at $116.21. Several financial institutions have maintained their positive ratings on GE, with price targets ranging from $105 to $135.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 5:16 pm

Citigroup analyst Andrew Kaplowitz maintains a Buy rating on General Electric (NYSE:GE) and raises the price target from $126 to $135.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 3:25 pm

The article reports on the options activity of 10 industrial stocks in today's session. The stocks mentioned are LUV, ENVX, HYZN, GE, UPS, BA, ADP, CAT, ETN, and ALK. The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:35 pm

Argus Research analyst John Eade maintains a 'Buy' rating on General Electric (NYSE:GE) and raises the price target from $112 to $130.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:43 pm

Morgan Stanley analyst Josh Sullivan maintains an Overweight rating on General Electric (NYSE:GE) and raises the price target from $110 to $122.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:00 pm

U.S. large-cap value stocks have outperformed growth peers in July, with the Vanguard Value ETF (VTV) outperforming the Vanguard Growth ETF (VUG). Financial stocks such as JP Morgan Chase, Bank of America, Wells Fargo, and Charles Schwab have contributed significantly to this rally. Industrials and energy stocks like Caterpillar, General Electric, Chevron, and ConocoPhillips also contributed favorably. The Federal Reserve is expected to announce a rate hike, causing uncertainty. However, some value stocks like Kraft Heinz, Exxon Mobil, and Lockheed Martin have shown resilience in such scenarios.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 2:39 pm

RBC Capital analyst Deane Dray has maintained an 'Outperform' rating on General Electric (NYSE:GE) and raised the price target from $120 to $130.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 2:04 pm

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