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Why General Electric Might Not Meet Analyst Estimates in 3Q17

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Part 6
Why General Electric Might Not Meet Analyst Estimates in 3Q17 PART 6 OF 6

Wall Street on General Electric and Peers ahead of 3Q17 Earnings

Analysts’ recommendation

Out of the 17 analysts covering General Electric (GE), five analysts (29.4%) have a “strong buy” opinion on the stock. Four analysts (23.5%) say “buy.” Six analysts (35.3%) suggest a “hold” on GE’s common stock, whereas the remaining two analysts (11.7%) recommend a “sell.”

Wall Street on General Electric and Peers ahead of 3Q17 Earnings

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Peer group ratings

Among General Electric’s major industrial peer group, Honeywell International (HON) has a “strong buy” rating from 35% of analysts and a “buy” recommendation from 45% of analysts. 20% of analysts have a “hold” recommendation on HON. Notably, none of the analysts have a “sell” rating on the stock.

Another leading industrial technology solutions provider, 3M (MMM) has 26.6% of analysts suggesting a “strong buy” on the company. 6% of analysts advise a “buy” while 46.6% recommend a “hold.” 20% of the total analysts covering MMM have a “sell” recommendation on the stock.

United Technologies (UTX) has a “strong buy” recommendation from 13.6% of analysts and equal “buy” ratings. 59.1% of analysts have a “hold” recommendation on the stock. Like MMM, United Technologies also has a “sell” opinion from 13.6% of analysts polled by Thomson Reuters.

Analysts’ price target

General Electric’s price target reduced steadily in recent quarters. Presently, the mean 12-month target price for the stock is $28.0 per share. On a closing price of $22.9 on October 13, this target represents a return potential of 22.7% over next year. Notably, in the last 12 months, the company’s return was -20.5%. The peer group’s target price and potential returns are as follows.

  • Honeywell International has a target price of $151.9 with a return potential of 5.9%.
  • 3M (MMM) has a target price of $211.2 with a return potential of -3%.
  • United Technologies (UTX) has a target price of $126.1 with a return potential of 6.2%.

ETF investment

If you’re interested in exposure to large-cap stocks, you can consider the SPDR S&P 500 ETF (SPY). General Electric makes up 0.92% of SPY.

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