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Stock Update: General Electric Company (NYSE:GE) – General Electric Company Announces Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange Offer

[Business Wire] – General Electric Company today announced that its subsidiary, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company , has commenced offers to exchange certain of its outstanding unregistered notes issued on October 26, 2015 for a like principal amount of new registered notes. Read more on this. General Electric Company (GE) , valued at $275.27B, started the session at $30.02. Looking at the equity, the company’s one day range is $29.81 to $30.02 with its 52-week range being $19.37 to $32.05. Priced at 19.94x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 13.75x forward p/e ratio. The company pays shareholders $0.92 per share annually in dividends, yielding 3.04%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $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 better 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, Bernstein downgraded GE from Outperform to Mkt Perform (Apr 4, 2016). Previously, UBS Initiated GE at to Buy. Investors should keep in mind is that the average price target is $32.79, which is 9.23% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update: General Electric Company (NYSE:GE) – GE Capital Aviation Services Delivers First of Two New Leased Boeing 787-9s to Air Canada as Part of Purchase-and-Leaseback Transaction Stock Update: General Electric Company (NYSE:GE) – Diversified Machinery Equities Technical Briefing — General Electric, Danaher, Honeywell Intl., and 3M Co. Stock Update: General Electric Company (NYSE:GE) – General Electric to move headquarters to Boston – report
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