What Do Analysts Recommend for General Electric after 2Q16?
Barclays gave an “overweight” rating to General Electric’s (GE) stock, with a target price of $34 on July 22. The target price implies a potential rise of 6.0% over July 22’s closing price of $32.06 per share.
The shares of General Electric (GE) are trading at a PE (price-to-earnings) ratio of 28.6x.
GE had $10.0 billion in cash and cash equivalents on the Industrial + Verticals balance sheet as of June 30, 2016.
For 2016, analysts estimate General Electric’s (GE) revenues will come in at $124.9 billion, ~8.5% higher than 2015 revenues of $115.1 billion.
General Electric (GE) expects Alstom’s expertise will be handy in gaining an edge in combined cycle gas plants, which typically employ gas turbines as well as steam turbines.
General Electric’s (GE) Appliances & Lighting business generated 5.8% of GE’s revenues in 2Q16 but accounted for only 2.3% of profit.
In 2Q16, GE’s total new orders came in at $26.6 billion, $12.6 billion of which was from equipment orders and $13.7 billion of which was from services orders.
After the 2008 financial crisis, General Electric’s (GE) financial service business had substantial exposure to wholesale funding and underwriting. Underwriting involves signing and accepting liability and guaranteeing payment in case damage…
GECC (General Electric Capital Corporation) reported $2.3 billion in revenues in 2Q16 compared to $2.4 billion in 2Q15.
General Electric’s (GE) Aviation (ITA) segment is its second largest business unit. It contributed 22.7% of Industrial sales in 2Q16. The equipment and services contributed approximately 45% and 55%, respectively,…
General Electric’s (GE) Power (XOP) segment is its largest business unit. It contributed 23.0% of Industrial revenues in 2Q16
General Electric (GE) has legitimate concerns about its Oil & Gas segment due to lower oil equipment sales. In 1Q16, the company lowered guidance for the segment for 2016.
General Electric’s (GE) 2Q16 revenues came in at $33.4 billion, compared to analysts’ estimate of $31.8 billion.
General Electric’s (GE) 2Q16 revenues came in at $33.4 billion, nearly 5.3% above the consensus estimate of $31.8 billion.
General Electric’s (GE) 2Q16 earnings were better than market expectations. Revenues from the company’s core business (Industrial + Verticals) grew 7%, as compared to 6% growth in 1Q16.
General Electric’s (GE) stock price has fallen 5.3% since April 1 as of June 24. On June 24, the company’s stock was trading at $29.82.
General Electric (GE) has a Wall Street analyst consensus rating of “buy.” Of 20 analysts surveyed by Bloomberg, 11 gave the company a “buy” rating while nine gave it “hold” rating.
As a large industrial conglomerate, GE’s performance relates to the performance of the macroeconomy. So you could say it’s cyclical in nature.
For fiscal 2016, analysts estimate General Electric’s (GE) revenues at $126.2 billion, ~20% higher than 2015 revenue of $117.0 billion.
General Electric’s (GE) Healthcare segment is its third-largest business unit. It contributed to 15.8% of industrial sales in 1Q16.