|Bid||128.16 x 100|
|Ask||128.94 x 100|
|Day's Range||128.59 - 130.69|
|52 Week Range||115.40 - 144.15|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||20.72|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||2.94 (2.25%)|
|1y Target Est||150.44|
General Electric (GE) has a consensus rating of ~2.6 from analysts polled by Thomson Reuters, with a consensus “hold” opinion on the stock. There has been a shift in analysts’ recommendations for GE since its third-quarter results and its restructuring plan announcements. Before GE’s third-quarter earnings were released, three analysts recommended “buys” on its stock.
Democrats gained control of the House of Representatives in the recent midterm elections, but aerospace and defense stocks and exchange traded funds did not seem to mind. The iShares U.S. Aerospace & Defense ETF (ITA), PowerShares Aerospace & Defense Portfolio (PPA) and the SPDR S&P Aerospace & Defense ETF (XAR) have been one of the steadiest “Trump trades,” but those funds also posted solid gains following the midterm election results. “Our bull case envisions bipartisanship and an avoidance of gridlock, which creates funding certainty for defense names, but our bear case anticipates budget chaos and sequestration for fiscal 2020,” said Morningstar in a recent note.
General Electric’s (GE) Transportation segment is its second-smallest unit by sales. The segment manufactures trains, mining equipment, and marine diesel engines. However, for the past few years, the segment has been witnessing falling revenues and margins due to intense competition from local and regional players along with train budgetary cuts in several global economies.
MONTREAL , Nov. 13, 2018 /PRNewswire/ -- Pratt & Whitney Canada , a subsidiary of United Technologies Corp. (NYSE: UTX), today announced that it recently started delivering PW127G engines to Airbus Defence ...
The Aviation segment has been one of General Electric’s (GE) best-performing units in recent quarters. In the third quarter, the vertical’s revenue jumped 12% to $7.5 billion from $6.7 billion in the previous year’s quarter. However, the segment’s revenue fell slightly short of analysts’ estimate of $7.6 billion.
General Electric’s (GE) problems aren’t limited to the power business. The company’s Transportation and Legacy segment’s lighting division has also been in troubled waters for years. Intense competition and train budgetary cuts in several global economies are hurting transportation businesses’ revenues and margins.
For most of 2018, stocks have been held hostage to global headlines. The macro economic fundamentals are strong, but we have three people currently controlling the big whipsaws on Wall Street. President Trump is on a mission to strike a deal with China so he is butting heads with President Xi.
CHARLOTTE, N.C., Nov. 7, 2018 /PRNewswire/ -- UTC Aerospace Systems, a unit of United Technologies Corp. (UTX), and Lufthansa Technik AG today announced a life of program component service agreement for the maintenance and support of accessories for the Pratt & Whitney PW1100G engine for the A320neo. Under this agreement, Lufthansa Technik will develop repair capabilities for certain UTC Aerospace Systems' GTF engine accessories. UTC Aerospace Systems will provide GTF engine accessory parts and certain repair services to Lufthansa Technik. By cooperating in repair development and sharing maintenance practices, both companies will be able to offer improved aftermarket services aimed at reduced operating costs.
The diversified industrial's stock price declined alongside its peers' in October, but its growth prospects continue to look good.
The woes at GE (NYSE:GE) continue to weigh on GE stock. The probe could result in more bad news for GE and GE stock at a time when the company desperately needs to restore investors’ confidence in it. Until investors can again trust General Electric, it will become difficult to make money with General Electric stock.
General Electric (GE) registered its first gains yesterday after nine consecutive days of falling. Yesterday, the company announced it agreed to sell its Current lighting division to private equity firm American Industrial Partners (or AIP) for an undisclosed amount. The recently announced divestment is a part of GE’s massive business restructuring plan announced in June this year under which it plans to offload its struggling lighting business completely.
The diversified industrial fell in line with its peers, and its results failed to inspire, but management could be about to release some value in the stock.
CHINA INTERNATIONAL EXHIBITION, ZHUHAI, China, Nov. 6, 2018 /PRNewswire/ -- UTC Aerospace Systems, a unit of United Technologies Corp. (UTX), today announced that China Southern Airlines signed a 10-year FlightSense On-Site Support (OSS)agreement. This agreement will simplify the airline's supply chain operations by applying cutting edge technology and inventory support to shorten the airline's repair times.
ZHUHAI, China, Nov. 6, 2018 /PRNewswire/ -- AIR SHOW CHINA -- Pratt & Whitney Canada , a subsidiary of United Technologies Corp. (NYSE: UTX), today announced that China Eastern Airlines (" China Eastern ...
ZHUHAI, China , Nov. 6, 2018 /PRNewswire/ -- AIR SHOW CHINA -- Pratt & Whitney Canada , a subsidiary of United Technologies Corp. (NYSE: UTX), today announced that Loong Air has selected the APS3200 auxiliary ...
Goldman's David Kostin says investors have grown cautious amid lingering trade tumult, a hot labor market and an uptick in borrowing costs. The third quarter has been strong for most of the 381 S&P 500 components that have reported results, with 78 percent posting positive earnings surprises. Goldman highlights 33 stocks it believes have a better chance of withstanding the gathering margin pressures.
HAMBURG, Germany, Nov. 5, 2018 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (UTX) and Air New Zealand, have celebrated the delivery of the airline's first A321neo aircraft powered by Pratt & Whitney GTF™ engines and backed by an EngineWise™ service agreement for up to 16 years. Air New Zealand, based in Auckland, currently has on order 20 firm Airbus A320neo family aircraft powered by Pratt & Whitney GTF engines intended for fleet renewal and anticipated short-haul network growth. The airline also currently operates a fleet of 30 V2500®-powered A320ceo aircraft.
To receive further updates on this United Technologies (NYSE:UTX) trade as well as an alert when it’s time to take profits, sign up for a risk-free trial of Strategic Trader today. During his farewell address in 1961, President Dwight D. Eisenhower noted the strengthening ties between the U.S. military and its equipment suppliers. The more the military expanded, the more the U.S. government had to purchase from private defense contractors.
- New sensor boasts nearly 16 times the resolution of company's current offering and will provide operators with an improved ISR situational awareness capability - Designed to be compatible with the RQ-21A ...
US industrial powerhouse General Electric (GE) announced its third-quarter earnings today before the market opened. The industrial giant’s adjusted EPS in the quarter were down 51.7% YoY (year-over-year) from $0.29 in Q3 2017. On a GAAP basis, GE reported a loss of $2.63 per share from GAAP continuing operations in the third quarter. The company’s revenue in the quarter was down 11.6% YoY from $33.4 billion in the third quarter of last year.
The Zacks Analyst Blog Highlights: Lockheed Martin, Boeing, United Technologies, General Dynamics and Northrop Grumman