General Electric Company (NYSE:GE) announced the appointment of four new Company officers. Effective December 1, GE will have 195 officers globally who lead large revenue-generating businesses or critical technology or functional roles.
Michael Chanatry, 55, was appointed vice president of supply chain for Power Generation Products – GE Power. Chanatry joined GE in 1983 and has held leadership roles in GE Aerospace, GE Aviation and GE Appliances. Most recently at GE Appliances he served as general manager for supply chain, and prior to that worked as the supply chain leader at Aviation Systems. Chanatry holds a bachelor’s degree in business management from Niagara University, Niagara, NY.
Deirdre Latour, 42, was appointed vice president and chief communications officer of GE. Latour joined GE in 2004 and has held a series of leadership roles in GE Corporate. She was named chief communications officer in April 2015. Previously Latour was senior director of external communications at GE and held leadership positions at Edelman prior to joining GE. Latour holds a bachelor’s degree in history from Holy Cross in Worcester, MA.
Yuvbir Singh, 42, was appointed vice president of global locomotive organization – GE Transportation. Singh joined GE in 1995 and has held leadership positions at GE Power. While at GE Power, he served as senior executive of business operations for GE Water. Singh joined GE Transportation in October 2015 to lead global locomotive organization. He holds a bachelor’s degree in electronics engineering from University of Pune and attended school at Dr. D.Y. Patil College of Engineering, Pune, India.
Jim Waterbury, 58, was appointed vice president, M&A counsel – GE, and general counsel – GE Capital. Waterbury joined GE in 1991 and has held leadership roles in GE Power, GE Oil & Gas, GE Capital and GE Corporate. Most recently, he served as senior executive counsel of mergers and acquisitions for GE Corporate. Waterbury holds a certificate in political science from the Institut d’Etudes Politiques, Paris, France and both a bachelor’s degree in government and languages and a J.D. from Georgetown University, Washington, D.C. (Original Source)
Shares of General Electric opened today at $30.41 and are currently trading up at $30.715. GE has a 1-year high of $30.74 and a 1-year low of $19.37. The stock’s 50-day moving average is $28.04 and its 200-day moving average is $26.56.
On the ratings front, General Electric has been the subject of a number of recent research reports. In a report released yesterday, William Blair analyst Nicholas Heymann maintained a Buy rating on GE, with a price target of $32, which implies an upside of 5.2% from current levels. Separately, on October 19, Stifel Nicolaus’ Robert McCarthy reiterated a Buy rating on the stock and has a price target of $30.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Nicholas Heymann and Robert McCarthy have a total average return of 3.4% and 1.7% respectively. Heymann has a success rate of 53.8% and is ranked #1840 out of 3840 analysts, while McCarthy has a success rate of 55.6% and is ranked #2006.
Overall, 2 research analysts have assigned a Hold rating and 7 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $31.25 which is 2.8% above where the stock opened today.