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Market Update: General Electric Company (NYSE:GE) – Schindler and GE Enter Strategic Partnership to Power Digital Urban Mobility

[Business Wire] – Schindler Group and GE Digital today announced a strategic alliance that will use the full potential of the Industrial Internet for digital innovations in elevators, escalators and smart buildings. Read more on this. General Electric Company (GE) , with a current value of $291.87B, started the session at $31.27. Looking at today’s market, GE one day range is $31.26 to $31.80 with a one year range of $19.37 to $32.05. GE shares are currently priced at 20.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.57x forward p/e ratio. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.46 per share, which would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. Investors should also note that the full-year EPS estimate of $1.50 is a $0.19 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 $31.55 Billion. If realized, that would be a 7.61% increase over the year-ago quarter. More recently, Cowen Initiated GE at Market Perform (Jun 7, 2016). Previously, Bernstein downgraded GE from Outperform to Mkt Perform. When considering if the stock is under or overvalued, the average price target is $32.53, which is 4.03% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update (NYSE:GE): GE Signs Digital Power Plant Agreement with Hubco for Pakistan’s Largest Steam Power Plant 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 (NYSE:GE): Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship
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