December 15th, 2015

Market Update: General Electric Company (NYSE:GE) – Qingdao Haier Acquires GE Appliances

[PR Newswire] – “GE”) today announced the signing of closing documents for Qingdao Haier’s acquisition of GE Appliances from General Electric. Today marks the beginning of GE Appliances being part of Qingdao Haier. As previously announced, GE Appliances will continue to be headquartered in Louisville, Kentucky and operated independently under the day to day direction of the current management team. Read more on this. General Electric Company (GE) , valued at $276.97B, opened at $30.00. A quick look at the market, the company’s stock traded between $29.95 and $30.23 with the price of the stock fluctuating between $19.37 to $32.05 over the last 52 weeks. GE shares are currently priced at 19.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.96x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.92 per share annually in dividends, yielding 3.07%. According to a consensus of 13 analysts, the earnings estimate of $0.46 per share would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. What we find to be interesting is that the full-year EPS estimate of $1.51 is a $0.20 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $30.84 Billion. If realized, 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. The average price target for GE shares by the analysts covering the stock is $32.79, which is 9.30% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update: General Electric Company (NYSE:GE) – General Electric Company Announces Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange Offer 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
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.