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Unbiased Equity Research: General Electric Company (GE), NIKE, Inc. (NKE)
06 December 2017, 11:21 | Kelvin Horton
The stock decreased 0.96% or $0.675 during the last trading session, reaching $69.325. The company's stock had a trading volume of 458,900 shares, compared to its average volume of 588,853.
Bronfman E.L. Rothschild L.P. lifted its stake in General Electric Company (NYSE:GE) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. General Electric Company (GE) now has 8.67 million shares outstanding, which means that its market capitalization is $155.62B. The institutional investor held 2.70 million shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $72.83 million, down from 2.91 million at the end of the previous reported quarter. Janney Montgomery Scott Llc who had been investing in General Electric Company for a number of months, seems to be less bullish one the $154.02B market cap company.
General Electric Company (GE) saw -578 million in free cash flow last quarter, representing a quarterly net change in cash of -4.22 billion. About 25.41 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since December 6, 2016 and is downtrending. It has underperformed by 21.16% the S&P500. For shareholders, given the total diluted outstanding shares of 8.73 billion, this means overall earnings per share of 0.20. AR's profit will be $12.62 million for 116.06 P/E if the $0.04 EPS becomes a reality.
Among 3 analysts covering ePlus (NASDAQ:PLUS), 1 have Buy rating, 0 Sell and 2 Hold.
The highest price GE stock touched in the last 12 month was $32.38 and the lowest price it hit in the same period was $17.46. $28.86's average target is -16.59% below currents $34.6 stock price. The company was maintained on Wednesday, August 30 by Stifel Nicolaus. The stock has "Buy" rating by Jefferies on Thursday, January 7. The hedge fund run by Bob Peck held 11.79 million shares of the oil & gas production company at the end of 2017Q2, valued at $254.83 million, down from 11.94 million at the end of the previous reported quarter. On Tuesday, October 13 the stock rating was upgraded by William Blair to "Outperform". This company shares are 26.13% off its target price of $22.64 and the current market capitalization stands at $157.28B. Canaccord Genuity maintained ePlus inc. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. The stock of Antero Resources Corporation (NYSE:AR) has "Market Perform" rating given on Tuesday, July 19 by Evercore. (NASDAQ:PLUS) on Thursday, November 5 with "Buy" rating. Financial Architects stated it has 0% in ePlus inc. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 17.94. Highstreet Asset Mngmt reported 80,031 shares. Companies with a high P/E ratio are typically growth stocks. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.
6 analysts rate General Electric Company a Buy or Strong Buy, which is 46.15% of all the analyst ratings. Therefore 40% are positive. General Electric Company had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The company presently has a consensus rating of "Hold" and a consensus price target of $24.31. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Tuesday, August 25. On Wednesday, December 9 the stock rating was initiated by JP Morgan with "Underweight". The rating was maintained by UBS with "Buy" on Friday, October 14. Wells Fargo & Mn holds 0% or 171,805 shares. The rating was maintained by BMO Capital Markets with "Buy" on Wednesday, June 21. The stock of General Electric Company (NYSE:GE) has "Outperform" rating given on Thursday, October 5 by Credit Suisse. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Monday, June 12.
Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. Raymond James Trust bought 35,225 shares as the company's stock declined 7.64% while stock markets rallied. Its down 4.27% from 173,300 shares previously.
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. It also increased its holding in Ishs Core Msci Eafe Etf (IEFA) by 256,202 shares in the quarter, for a total of 795,857 shares, and has risen its stake in Ishs Intrm Crdt Bd Etf (CIU).
Chatham Capital Group Inc decreased Ishares Tr (PFF) stake by 13,000 shares to 345,222 valued at $13.52M in 2017Q2. Cameco Corporation (NYSE:CCJ) was raised too.
Investors of record on Tuesday, December 26th will be issued a $0.34 dividend. Its down 0.03, from 0.82 in 2017Q1. It dropped, as 85 investors sold GE shares while 816 reduced holdings. Lpl Lc owns 3.12M shares for 0.32% of their portfolio. Cohen Steers Inc reported 0.02% in General Electric Company (NYSE:GE). Comerica Bank owned about 0.08% of Portland General Electric worth $3,302,000 as of its most recent filing with the Securities & Exchange Commission. Wright Investors Service holds 42,667 shares. Benchmark stated it has 0.84% of its portfolio in General Electric Company (NYSE:GE). Checchi Cap Advisers Limited Com accumulated 103,469 shares. Aqr Cap Mgmt Ltd holds 0.07% or 2.08 million shares in its portfolio. Financial Counselors invested in 1.04M shares.
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