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Stock Update: General Electric Company (NYSE:GE) – General Electric to move headquarters to Boston – report

[Reuters] – General Electric Co is set to move its global headquarters to Boston from its current location of Fairfield, Connecticut, the Boston Globe reported on Wednesday, citing a source familiar with the situation. … Read more on this. General Electric Company (GE) , currently valued at $271.81B, opened at $28.91. Today, shares have traded between $28.67 and $29.06 per share with a trailing 52-week range being $19.37 to $31.49. Priced at 22.20x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 15.27x forward p/e ratio. The company pays shareholders $0.92 per share annually in dividends, yielding 3.23%. According to a consensus of 13 analysts, the earnings estimate of $0.50 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.29, which would be a $0.36 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $35.93 Billion. If reported, that would be a 14.45% decrease over the year-ago quarter. More recently, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. The average price target for GE shares by the analysts covering the stock is $32.38, which is 12.00% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update: General Electric Company (NYSE:GE) – Execution on Divestiture Plan Continues – Report on General Electric Stock Update: General Electric Company (NYSE:GE) – GE Capital Announces Pricing Terms of Private Exchange Offers Market Update: General Electric Company (NYSE:GE) – Poland’s PZU says General Electric may sell Bank BPH this year
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