GE HealthCare Technologies Inc. (NASDAQ:GEHC) Receives $84.55 Consensus Target Price from Brokerages

Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHCGet Free Report) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $84.55.

GEHC has been the topic of a number of research analyst reports. UBS Group lowered shares of GE HealthCare Technologies from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $86.00 to $66.00 in a research note on Monday, November 27th. Jefferies Financial Group began coverage on GE HealthCare Technologies in a report on Thursday, November 30th. They set a “hold” rating and a $80.00 target price on the stock. Finally, Morgan Stanley decreased their target price on GE HealthCare Technologies from $78.00 to $74.00 and set an “equal weight” rating on the stock in a report on Monday, December 4th.

Check Out Our Latest Stock Analysis on GE HealthCare Technologies

Institutional Investors Weigh In On GE HealthCare Technologies

Large investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. grew its position in GE HealthCare Technologies by 36,900.0% during the third quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 369 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of GE HealthCare Technologies during the 2nd quarter worth approximately $25,000. Aspire Private Capital LLC acquired a new stake in GE HealthCare Technologies in the 2nd quarter valued at $26,000. Center for Financial Planning Inc. bought a new stake in GE HealthCare Technologies in the second quarter valued at $26,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of GE HealthCare Technologies during the third quarter valued at $26,000. Institutional investors own 79.18% of the company’s stock.

GE HealthCare Technologies Trading Down 0.1 %

Shares of GEHC opened at $72.78 on Friday. GE HealthCare Technologies has a one year low of $62.35 and a one year high of $87.83. The stock has a 50-day moving average price of $73.88 and a 200 day moving average price of $71.71. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.97 and a current ratio of 1.25. The company has a market capitalization of $33.13 billion and a P/E ratio of 21.69.

GE HealthCare Technologies (NASDAQ:GEHCGet Free Report) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. GE HealthCare Technologies had a return on equity of 24.46% and a net margin of 8.91%. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the business posted $0.87 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that GE HealthCare Technologies will post 3.82 EPS for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 16th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Friday, January 12th. GE HealthCare Technologies’s payout ratio is 3.57%.

GE HealthCare Technologies Company Profile

(Get Free Report

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, Europe, the Middle East, Africa, China, Taiwan, Mongolia, Hong Kong, and internationally.

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Analyst Recommendations for GE HealthCare Technologies (NASDAQ:GEHC)

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