Company Update (NYSE:GE): The Organisation of African First Ladies, GE & Miller Center for Social Entrepreneurship Join Forces to Advance Health Care Goals in Africa

[Business Wire] – The Organisation of African First Ladies Against HIV/AIDS joined General Electric Company and Santa Clara University’s Miller Center for Social Entrepreneurship on June 9 to advance social entrepreneurship to improve maternal and child health outcomes in sub-Saharan Africa. Read more on this. General Electric Company (GE) , currently valued at $276.79B, started trading this morning at $29.98. A quick look at the market, the company’s stock traded between $29.97 and $30.13 with its 52-week range being $19.37 to $32.05. Priced at 19.89x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 14.23x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.92 per share annually in dividends, yielding 3.06%. In a review of the consensus earnings estimate this quarter, 14 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. Investors should also note that the full-year EPS estimate of $1.51 is a $0.20 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 $30.84 Billion. If realized, that would be a 5.18% increase over the year-ago quarter. Recently, Cowen Initiated GE at Market Perform (Jun 7, 2016). Previously, Bernstein downgraded GE from Outperform to Mkt Perform. When considering if the stock is under or overvalued, the average price target is $32.53, which is 8.51% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update (NYSE:GE): Heritage Valley Health System and GE Healthcare Enter Multi-Year Strategic Relationship Market Update: General Electric Company (NYSE:GE) – Jump Capital, GE Ventures and Two Roads Join $13.5 Million Series B Investment in Sight Machine Company Update: United Technologies Corp (NYSE:UTX) – New United Technologies Goals Advance Sustainable Urbanization