JPMorgan Chase & Co. reissued an "underweight" rating and issued a $29.00 price target on shares of General Electric Company in a research report on Tuesday, January 24th.
Price Target plays a critical role when it comes to the Analysis of a Stock.
It's important to get a feel for how any stock is actually valued on the market based on its core numbers.
Several analysts recently weighed in on the stock. Armstrong Henry H Associates Inc. now owns 9,580 shares of the company's stock worth $522,000 after buying an additional 30 shares in the last quarter.
General Electric Company (NYSE:GE)managed to report annual basic consolidated EPS of $0.9463, which was for the year ended2016-12-31.The company reported basic consolidated EPS of $0.9463 for the quarter ended 2016-12-31. Zacks Investment Research downgraded shares of General Electric Company from a "hold" rating to a "sell" rating in a research note on Wednesday, November 30th. On average, equities analysts anticipate that General Electric Company will post $1.63 earnings per share for the current year. 20 Analysts reported that the Price Target for Emerson Electric Co. might touch $70 high while the Average Price Target and Low price Target is $60.3 and $44 respectively. Analysts giving shares a rating of 1 or 2 would be indicating a Buy.
10/04/2016 - American Electric Power Company, Inc. had its "neutral" rating reiterated by analysts at Citigroup. The company has grown 15.14% in past 3 months and in the last five trades has moved down -0.52%. Latest closing price was 2.05% above its 50-day moving average and 9.83% above its 200-day moving average. The firm has a market cap of $38.94 billion, a price-to-earnings ratio of 24.49 and a beta of 1.17. The reported earnings per share topped the analyst's consensus by $0.14 with the percentage difference between estimated and actual earnings arriving at 33.30%. The business earned $33.10 billion during the quarter, compared to analyst estimates of $33.67 billion.
On the negative side, after more than two years of flat dividends, GE increased its dividend by only a cent to $0.23 per share. During the same period past year, the firm posted $0.52 earnings per share.
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Emerson Electric Co. (NYSE:EMR) Industrial Electrical Equipment has a Current Ratio of 2.1 with a Quick Ratio value of 1.8. Investors of record on Monday, February 27th will be issued a $0.24 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, February 23rd. Emerson Electric Company's payout ratio is 77.73%. RBC Capital Markets' target price suggests a potential upside of 18.82% from the company's previous close. If you are accessing this story on another site, it was stolen and reposted in violation of United States & worldwide copyright & trademark laws. Emerson Electric Co. Industrial Electrical Equipment has a PEG of 2.82 alongside a PS value of 2.7 and a PB value of 5.03. The company's shares were closed at 60.37. Following the completion of the transaction, the insider now owns 738,907 shares in the company, valued at $21,842,090.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
If we glance over stock price target, the analysts were fairly in stock's favor assigning high price target of 13 and average price target of 8.56.
The Relative Volume of the company is 0.86 and Average Volume (3 months) is 3.8 million.
Other large investors have also recently added to or reduced their stakes in the company. American Electric Power Company Inc was Upgraded by Wells Fargo to Outperform on Jan 10, 2017. The count of Hold ratings in that period was 2.
GMS (NYSE:GMS) last posted its quarterly earnings results on Tuesday, December 13th. The number of shares now owned by investors are 644.42 mln. New Harbor Financial Group LLC now owns 5,828 shares of the company's stock worth $172,000 after buying an additional 1,837 shares during the last quarter. Spectrum Asset Management Inc.
01/27/2017 - Emerson Electric Company was upgraded to " by analysts at Goldman Sachs. The firm owned 25,727 shares of the company's stock after buying an additional 1,770 shares during the period.