RBC Capital analyst Deane Dray maintained a Buy rating on General Electric (NYSE:GE) on Sunday, setting a price target of $123, which is approximately 18.60% above the present share price of $103.71.
Dray expects General Electric to post earnings per share (EPS) of -$1.12 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in General Electric, with an average price target of $126.
The analysts price targets range from a high of $140 to a low of $103.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $18.28 billion and a net profit of $709 million. The company's market cap is $113.84 billion.
According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.9% and a 62.22% success rate.
General Electric Co. is a multinational conglomerate that provides technologies and solutions for the Aviation, Healthcare, Power and Renewable Energy industries. Further, through its Capital segment, GE offers leasing and financial underwriting services. The company was founded in 1892 and is headquartered in Boston, Massachusetts.