Investor’s Update: General Electric Company (NYSE:GE)

[BusinessWire] General Electric Company (NYSE:GE) announced it is serving as administrative agent on a $95 million senior secured credit facility to Glencoe Capital’s portfolio company, Dialog Direc through its unit GE Capital. The transaction refinanced the company’s senior debt and provided financing to acquire Allegra Direct Communications. GE Capital Markets served as sole lead arranger and sole bookrunner on this facility.Stock PerformanceTaking a look at the company’s recent performance, General Electric reported Second quarter earnings for fiscal 2014 on July 18^TH. The company reported actual earnings per share of $0.39 as consensus Street estimate. This represents year over year growth of 7.69%. General Electric posted revenue of $36.20 billion against estimates of $36.31 billion.General Electric Company (GE) is currently valued at $253.69 billion and closed the last trading session at $25.45. The stock has a 50-day moving average of $25.93 and a 200-day moving average of $26.19.

Is this a Buying Opportunity?There are currently sixteen analysts that we track that cover the stock. Of those sixteen, ten have a Buy rating, five have a hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.56 and a Buy. The combined price objective of these covering analysts is $29.36, which represents a 15.58% upside difference to the last closing price.The most recent analyst activity consisted of Stifel Nicolaus initiated coverage with buy stance on the company. Stifel Nicolaus has a price target of $30.00 which represents an upside of 14.46% from the last closing price. On the date of the report, the stock closed at $26.21.Another research firm weighing in recently was Credit Suisse who also initiated coverage on the stock. On August 18^th Credit Suisse also boosted their price target on the stock at $30, a 15.07% upside to the current price. On the day of the report, GE shares closed at $26.07.Company ProfileGeneral Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment provides gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment offers surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, high pressure reactors, industrial power generation, and auxiliary equipment. The company’s Energy Management segment provides electrical distribution and control products, lighting and power panels, switchgears, and circuit breakers; engineering, inspection, mechanical, and emergency services; motor, drives, and control technologies; and plant automation, hardware, software, and embedded computing systems.