Cowen & Co. analyst Gautam Khanna maintained a Hold rating on General Electric (NYSE:GE) on Wednesday, setting a price target of $8, which is approximately 19.23% above the present share price of $6.71.
Khanna expects General Electric to post earnings per share (EPS) of $0.70 for the third quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in General Electric, with an average price target of $8.22.
The analysts price targets range from a high of $11 to a low of $5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $20.52 billion and a net profit of $1.13 billion. The company's market cap is $60.27 billion.
According to TipRanks.com, Cowen & Co. analyst Gautam Khanna is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.1% and a 60.42% success rate.
General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.