Economy

General Electric to focus to power, healthcare and aviation, cuts outlook

General Electric to focus to power, healthcare and aviation, cuts outlook

The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Monday, October 23 by RBC Capital Markets. Hwg Hldgs Lp has 0.01% invested in Ebix Inc (NASDAQ:EBIX) for 150 shares. North Star Asset Management Inc owns 0.84% invested in General Electric Company (NYSE:GE) for 306,707 shares. Sii Invests Inc Wi owns 25,446 shares or 0% of their USA portfolio. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The stock declined 0.11% or $0.02 reaching $19 on the news.

Other large investors also recently modified their holdings of the company.

From the start of 2016 through October 2017, a Goldman Sachs-curated basket of stocks spending the most on capex and research and development beat a similarly constructed index of companies offering high dividends and buybacks by a whopping 21 percentage points, according to the company's data.

By cutting the dividend in half, GE will save more than $4 billion per year. This technical setup was reported by Barchart.com. Among active positions in the latest quarter, 830 holders increased their positions by a total of 221.13 million shares, 1,180 holders decreased the positions by a total of 233.24 million shares, and 157 holders held their positions.

General Electric (NYSE:GE) last released its quarterly earnings results on Friday, October 20th. It has underperformed by 4.60% the S&P500.

Analysts await Brink's Company (NYSE:BCO) to report earnings on February, 14.

More news: EgyptAir To Buy 12 Bombardier Aircraft For $1.1 Billion
More news: Woman techie dies after spurned lover sets her on fire in Chennai
More news: DC Comics suspends Eddie Berganza due to sexual assault allegations

GE forecast 2018 adjusted earnings per share of $1 to $1.07 per share, compared with its earlier estimate of $2 per share. OHI's profit will be $153.89 million for 9.02 P/E if the $0.78 EPS becomes a reality.

Among 24 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 9 Hold. Therefore 14% are positive. UBS AG reiterated a "buy" rating and set a $31.00 price target (down from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. The company was maintained on Monday, September 11 by Deutsche Bank.

"I'm not trying to run the company for the reaction on Monday and Tuesday or Wednesday of this week", he told CNBC's Squawk on the Street. The stock has a consensus rating of "Hold" and a consensus target price of $25.25. The stock's average target of $52 is -33.63% below today's ($78.35) share price. The brokerage presently has a "neutral" rating on the conglomerate's stock. Peapack Gladstone Fin, New Jersey-based fund reported 1.18M shares. S&P Research maintained General Electric Company (NYSE:GE) rating on Tuesday, October 20. General Electric's dividend payout ratio (DPR) is now 120.00%.

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Atwood & Palmer Inc who had been investing in Ebix Inc for a number of months, seems to be bullish on the $2.34 billion market cap company. The Company's service area allocation of approximately 4,000 square miles is located entirely within OR and includes approximately 51 incorporated cities, of which Portland and Salem. The company now has a P/E ratio of 21.14 and market capitalization is 4.35B. It has five natural gas-fired generating facilities, which include Port Westward Unit 1, Port Westward Unit 2 (PW2), Beaver natural gas-fired generating plant (Beaver), Coyote Springs Unit 1 (Coyote Springs) and Carty natural gas-fired generating plant (Carty).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.