Market Update (NYSE:GE): GE Global Research Wins 2016 Frost & Sullivan Manufacturing Leadership Award for Role in Founding the Industrial Internet Consortium

[ Business Wire] – GE Global Research, the technology development arm of the General Electric Co. today announced that it has been awarded the prestigious Manufacturing Leadership Award from Frost & Sullivan’s Manufacturing Leadership Council for its leadership in founding the Industrial Internet Consortium . Read more on this. General Electric Company (GE) , valued at $278.75B, began trading this morning at $29.30. Looking at today’s trading action, the company’s one day range from $29.30 to $29.55 and has traded between $19.37 and $31.49 over the past year. GE shares are currently priced at 19.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.02x forward p/e ratio. And for passive income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 3.13%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $0.19 per share, which would be $0.01 worse than the year-ago quarter and a $0.08 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.51, which would be a $0.20 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $28.10 Billion. If realized, that would be a 4.29% decrease over the year-ago quarter. Recently, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $32.36, which is 10.44% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update (NYSE:GE): 3MF Consortium Announces New Founding Member, GE Global Research Stock Update (NYSE:GE): ThetaRay Named ‘Most Innovative Industrial Internet Technology’ at GE’S Minds + Machines 2015 Company Update: General Electric Company (NYSE:GE) – GE Awards Pitney Bowes for Industrial Internet Innovation at the GE Minds + Machines Event