GE HealthCare Technologies Inc. (NASDAQ:GEHC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHCGet Free Report) have received an average rating of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $88.83.

GEHC has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of GE HealthCare Technologies in a research note on Thursday, November 30th. They issued a “hold” rating and a $80.00 price objective for the company. HSBC assumed coverage on GE HealthCare Technologies in a report on Thursday, February 15th. They set a “buy” rating and a $100.00 price target on the stock. UBS Group raised GE HealthCare Technologies from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $66.00 to $88.00 in a research note on Monday, February 12th. Mizuho lifted their target price on GE HealthCare Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley upped their price target on GE HealthCare Technologies from $74.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th.

Check Out Our Latest Stock Analysis on GE HealthCare Technologies

GE HealthCare Technologies Price Performance

Shares of NASDAQ:GEHC opened at $93.87 on Friday. The firm’s 50 day moving average price is $81.05 and its 200-day moving average price is $73.39. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $42.74 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 3.24 and a beta of 0.97. GE HealthCare Technologies has a twelve month low of $62.35 and a twelve month high of $94.50.

GE HealthCare Technologies (NASDAQ:GEHCGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.11. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.09 billion. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. Equities research analysts expect that GE HealthCare Technologies will post 4.3 EPS for the current year.

Institutional Investors Weigh In On GE HealthCare Technologies

Several hedge funds have recently made changes to their positions in the company. Meitav Investment House Ltd. purchased a new position in GE HealthCare Technologies during the second quarter valued at approximately $113,000. Pin Oak Investment Advisors Inc. bought a new position in shares of GE HealthCare Technologies during the 2nd quarter worth approximately $25,000. Center for Financial Planning Inc. purchased a new stake in GE HealthCare Technologies during the second quarter valued at approximately $26,000. Resources Management Corp CT ADV acquired a new stake in GE HealthCare Technologies in the second quarter valued at approximately $28,000. Finally, LM Advisors LLC purchased a new position in GE HealthCare Technologies in the fourth quarter worth $27,000. 79.18% of the stock is currently owned by hedge funds and other institutional investors.

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, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.

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Analyst Recommendations for GE HealthCare Technologies (NASDAQ:GEHC)

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