Analysts have a consensus target price of $32.69 in the 12-month period. The price objective is 4.67% higher than the recent closing price of $31.23. The 52-week price range is $18.90-$32.05 and the company has a market capitalization of $297.34 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 1 says it’s a buy, and 4 have assigned a strong buy rating to the company.
General Electric Company (GE) on April 4, 2016 announced $50 million in philanthropic commitments, to be donated over the next five years to the Boston community. GE’s commitment includes $25 million to Boston Public Schools, $10 million to building out a diverse workforce population and $15 million to developing the next generation health care workforce and increasing training for specialty care. The donation is from the GE Foundation, the company’s philanthropic arm.
“Together GE and Boston will lead the digital transformation of industry. To build a global digital company and community, we must invest to further educate our children in science and math and improve health care in underserved communities. GE’s investments will create thousands of new jobs and support Boston’s regional and economic activities,” said GE Chairman and CEO Jeff Immelt.
GE’s philanthropic commitments include:
- Boston Public Schools (BPS): GE will reach 100 percent of Boston Public Schools high school students each year through our career labs, computer science courses, and high school design experience to prepare tomorrow’s workforce, by committing $25 million. The donation will provide students the opportunity to explore college and career possibilities, and to understand the skills necessary for future employment. GE will also create “GE Brilliant Career Labs” with both physical and virtual locations to allow students a unique hands-on experience with advanced manufacturing technology and software to assist them through career planning and internships. GE will also assist 100 percent of STEM high school teachers, to better prepare students for college and their future careers
- Boston Community Health Centers (CHC): GE will commit an additional $15 million to developing, and expanding the skills of health care providers at critical Community Health Centers in underserved communities. This will include training in the use of technology, leadership skills, and increased access to specialty care, in order to deliver better treatment for common, complex medical conditions like cardiovascular disease and addiction. The Developing Health Boston program will initially support 22 Boston area CHCs and will provide skills training to more than 75 percent of CHC leaders, health care providers, and staff. As well, GE Foundation partners will help to develop next generation health care workers.
- Building the Diversity Pipeline: GE has also pledged $10 million to increase the capabilities and outcomes for our diverse students. GE will leverage its employees and leaders to provide training, access to manufacturing labs at GE Garages, and externships for underserved populations outside of the Boston Metro area, including Lynn and Fall River.
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