December 15th, 2015

Stock Update: General Electric Company (NYSE:GE) – GE Capital Aviation Services Delivers First of Two New Leased Boeing 787-9s to Air Canada as Part of Purchase-and-Leaseback Transaction

[Business Wire] – GE Capital Aviation Services , the commercial aircraft leasing and financing arm of GE, today announced delivery of a new leased Boeing 787-9 aircraft powered by General Electric GEnx engines to Air Canada as part of a purchase-and-leaseback transaction with the airline. Read more on this. General Electric Company (GE) , valued at $276.98B, started the session at $30.12. During the trading session, GE traded between $30.07 to $30.34 with a trailing 52-week range being $19.37 to $32.05. GE shares are currently priced at 19.95x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.75x forward p/e ratio. The company pays shareholders $0.92 per share in dividend income per year, for a current yield of 3.05%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $0.46 per share, which would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. The full-year EPS estimate is $1.51, which would be a $0.20 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $30.84 Billion. If reported, that would be a 5.18% increase over the year-ago quarter. More recently, Bernstein downgraded GE from Outperform to Mkt Perform (Apr 4, 2016). Previously, UBS Initiated GE at to Buy. Investors should keep in mind is that the average price target is $32.79, which is 8.86% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update: General Electric Company (NYSE:GE) – Jump Capital, GE Ventures and Two Roads Join $13.5 Million Series B Investment in Sight Machine Stock Update: General Electric Company (NYSE:GE) – Diversified Machinery Equities Technical Briefing — General Electric, Danaher, Honeywell Intl., and 3M Co. Stock Update: General Electric Company (NYSE:GE) – General Electric to move headquarters to Boston – report
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