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Stock Update (NYSE:GE): Ronald Reagan Presidential Foundation and Institute and GE Announce College Scholarship Award Recipients

[Marketwired] – The Ronald Reagan Presidential Foundation and Institute and GE announced this week the 20 students who were awarded the GE-Reagan Foundation Scholarship. This scholarship program, which just completed … Read more on this. General Electric Company (GE) , valued at $294.11B, started the session at $31.81. During the trading session, GE traded between $31.80 to $32.00 with a trailing 52-week range being $19.37 to $32.05. Priced at 21.16x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 13.57x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.46 per share, which would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. The full-year EPS estimate is $1.50, which would be a $0.19 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $31.55 Billion. If reported, 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. The average price target for GE shares by the analysts covering the stock is $32.53, which is 2.26% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Company Update (NYSE:AGN): The Allergan Foundation And The Jed Foundation Announce Three-Year $300,000 Scholarship Fund To Support JED Campus Program Stock Update (NYSE:GE): The NBA and GE Healthcare Announce First Round Research Winners to Address Prevention, Diagnosis and Treatment of Musculoskeletal Injuries Stock Update: General Electric Company (NYSE:GE) – GE and State Street Corporation Announce Agreement for State Street to Acquire GE Asset Management for up to $485 Million
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