why General Electric Company [GE] is a Good Choice for Investors After New Price Target of $104.17

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General Electric Company [NYSE: GE] surged by $1.0 during the normal trading session on Monday and reaching a high of $75.83 during the day while it closed the day at $75.55. The company report on April 28, 2022 that GE Healthcare and Medtronic Announce a Collaboration to Meet Growing Need for Outpatient Care.

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Providing excellent care inside and outside of the traditional hospital is the new normal for patients, clinicians, and payers seeking more choices without compromising excellent outcomes. Today, GE Healthcare and Medtronic announce a collaboration focused on the unique needs and demand for care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). Under this new collaboration, customers can access extensive product portfolios, financial solutions, and exceptional service.

The COVID-19 pandemic accelerated the movement of procedures into the outpatient environment while also driving disease rates higher, resulting in procedure growth in facilities outside traditional hospitals, and this growth trend is expected to continue for years to come.1 Also, since CMS approved payments for certain cardiovascular procedures in 2020, fixed c-arm imaging systems have been used more and more frequently in ASCs and OBLs for cardiac and peripheral vascular procedures.2.

General Electric Company stock has also loss -15.94% of its value over the past 7 days. However, GE stock has declined by -20.04% in the 3 months of the year. Over the past six months meanwhile, it has lost -27.96% and lost -20.03% year-on date.

The market cap for GE stock reached $86.70 billion, with 1.10 billion shares outstanding and 1.10 billion shares in the current float. Compared to the average trading volume of 6.83M shares, GE reached a trading volume of 11533076 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about General Electric Company [GE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GE shares is $104.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GE stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for General Electric Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 22, 2022. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on January 11, 2022, representing the official price target for General Electric Company stock. Previously, the target price had yet another raise to $122, while Credit Suisse analysts kept a Outperform rating on GE stock.

The Average True Range (ATR) for General Electric Company is set at 2.98, with the Price to Sales ratio for GE stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 2.13, with the Price to Cash per share for the same quarter was set at 20.58. Price to Free Cash Flow for GE in the course of the last twelve months was 29.78 with Quick ratio for the last quarter at 0.90.

GE stock trade performance evaluation

General Electric Company [GE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.94. With this latest performance, GE shares dropped by -17.43% in over the last four-week period, additionally sinking by -27.96% over the last 6 months – not to mention a drop of -29.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GE stock in for the last two-week period is set at 22.66, with the RSI for the last a single of trading hit 18.14, and the three-weeks RSI is set at 27.33 for General Electric Company [GE]. The present Moving Average for the last 50 days of trading for this stock 90.63, while it was recorded at 77.33 for the last single week of trading, and 98.44 for the last 200 days.

General Electric Company [GE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and General Electric Company [GE] shares currently have an operating margin of +6.01 and a Gross Margin at +27.82. General Electric Company’s Net Margin is presently recorded at -4.49.

Return on Equity for this stock declined to -8.79, with Return on Assets sitting at -1.47.

General Electric Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for General Electric Company [GE] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for General Electric Company go to 54.10%.

General Electric Company [GE]: Insider Ownership positions

There are presently around $55,567 million, or 68.00% of GE stock, in the hands of institutional investors. The top three institutional holders of GE stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 115,488,862, which is approximately 6.137% of the company’s market cap and around 0.24% of the total institutional ownership; VANGUARD GROUP INC, holding 82,214,690 shares of the stock with an approximate value of $6.21 billion in GE stocks shares; and BLACKROCK INC., currently with $5.15 billion in GE stock with ownership of nearly -2.874% of the company’s market capitalization.

Positions in General Electric Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 696 institutional holders increased their position in General Electric Company [NYSE:GE] by around 48,428,964 shares. Additionally, 908 investors decreased positions by around 90,619,543 shares, while 238 investors held positions by with 596,457,317 shares. The mentioned changes placed institutional holdings at 735,505,824 shares, according to the latest SEC report filing. GE stock had 216 new institutional investments in for a total of 5,504,357 shares, while 224 institutional investors sold positions of 9,794,295 shares during the same period.