Market Update (NYSE:GE): Imbio and GE Healthcare Collaborate to Enable Lung Density Analysis™ Within GE Health Cloud Ecosystem

[PR Newswire] – MINNEAPOLIS, March 21, 2016 /PRNewswire/ — Imbio, a leader in fully automated, biomarker-based solutions for quantitative Lung imaging, and GE Healthcare are pleased to announce a collaboration to make … Read more on this. General Electric Company (GE) , valued at $288.73B, opened this morning at $30.85. Today, shares have traded between $30.85 and $30.99 per share with a trailing 52-week range being $19.37 to $31.49. GE shares are currently priced at 20.64x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.21x earnings multiple. And for dividend hunters, the company pays shareholders $0.92 per share annually in dividends, yielding 2.98%. According to a consensus of 14 analysts, the earnings estimate of $0.20 per share would be $0.00 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $1.50, which would be a $0.19 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $28.11 Billion. If realized, that would be a 4.26% decrease over the year-ago quarter. In terms of ratings, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. With the above information in mind, readers should note that the average price target is $32.69, which is 5.96% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Company Update: General Electric Company (NYSE:GE) – 81% of Consumers are Unsatisfied with their Healthcare Experience, According to a New Study by Prophet and GE Healthcare Camden Group Stock Update: General Electric Company (NYSE:GE) – Top 2016 Healthcare Trends Predicted by GE Healthcare Camden Group Market Update (NYSE:IBM): Merge Healthcare and Greenway Health Collaborate to Automate the Medical Imaging Ordering Process for Health Care Providers Nationwide
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