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Market Update (NYSE:GE): General Electric Company Announces Completion of Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange Offer

[Business Wire] – General Electric Company today announced that its subsidiary, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company , has completed its previously announced offers to exchange certain of its outstanding unregistered notes issued on October 26, 2015 for a like principal amount of new registered notes. Read more on this. General Electric Company (GE) , with a current value of $296.10B, began trading this morning at $31.99. Today’s price range has been between $31.99 and $32.27 per share with a trailing 52-week range being $19.37 to $32.27. GE shares are currently priced at 21.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.53x forward p/e ratio. The company pays shareholders $0.92 per share annually in dividends, yielding 2.93%. 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. In looking at the bigger picture, the full-year EPS estimate of $1.50 would be a $0.19 improvement 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. In terms of ratings, 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 it is $32.53, which is 1.69% above where the stock opened. See more in (NYSE:GE) Similar Articles: 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: General Electric Company (NYSE:GE) – GE Capital Aviation Services Delivers First of Two New Leased Boeing 787-9s to Air Canada as Part of Purchase-and-Leaseback Transaction Market Update: General Electric Company (NYSE:GE) – Jump Capital, GE Ventures and Two Roads Join $13.5 Million Series B Investment in Sight Machine
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