General Electric Co (NYSE: GE) has reported E.P.S. of $1.57 for its third fiscal quarter (ending September 30) versus $0.20 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $5.84 versus $8.87 for the same period a year ago.
Recent Price Action
On 10/22/24, General Electric Co (NYSE: GE) stock suffered a large decline of -9.0%, closing at $176.66. Moreover, trading volume in this decline was exceptionally high at 355% of normal. Relative to the market the stock has been strong over the last nine months but has declined -8.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GE is expected to continue to be a major Value Builder.
General Electric has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. General Electric has a very low Appreciation Score of 9 but a very high Power Rating of 85, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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