Cowen & Company Initiates Coverage on General Electric Company to Market Perform

Cowen & Company Initiates Coverage on General Electric Company(NYSE:GE). The shares have been rated Market Perform. The rating by Cowen & Company was issued on Jun 7, 2016.

In a different note, JP Morgan said it Initiates Coverage on General Electric Company, according to a research note issued on May 12, 2016. The shares have been rated ‘Underweight’ by the firm. On Apr 4, 2016, Bernstein said it Downgrades its rating on General Electric Company. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Market Perform’ by the firm.

General Electric Company (GE) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -0.66% at a volume of 2,94,29,998. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.28. The peak price level was also seen at $30.28 while the days lowest was $29.93. Finally the shares closed at $30.04. The 52-week high of the shares is $32.05 while the 52-week low is $19.37. According to the latest information available, the market cap of the company is $276,238 M.

General Electric Company(GE) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $27.60B. Analysts had an estimated revenue of $27.96B. Earnings per share were $0.21. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Jeffrey R Immelt (CEO) purchased 67,600 shares at $29.59 per share price.Also, On Apr 27, 2016, Alexander Dimitrief (Senior Vice President) purchased 105 shares at $30.51 per share price.On Feb 5, 2016, Jeffrey S Bornstein (Senior Vice President) sold 168,313 shares at $28.87 per share price, according to the Form-4 filing with the securities and exchange commission.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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