Latest news with #GEHealthcareTechnologiesInc
Business Insider
29-05-2025
- Business
- Business Insider
Morgan Stanley Sticks to Its Hold Rating for GE Healthcare Technologies Inc (GEHC)
In a report released yesterday, Patrick Wood from Morgan Stanley maintained a Hold rating on GE Healthcare Technologies Inc (GEHC – Research Report), with a price target of $78.00. The company's shares closed yesterday at $67.09. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Wood covers the Healthcare sector, focusing on stocks such as Intuitive Surgical, Baxter International, and Cooper Co. According to TipRanks, Wood has an average return of -1.0% and a 50.00% success rate on recommended stocks. In addition to Morgan Stanley, GE Healthcare Technologies Inc also received a Hold from UBS's Graham Doyle in a report issued on May 5. However, on May 1, Goldman Sachs maintained a Buy rating on GE Healthcare Technologies Inc (NASDAQ: GEHC). The company has a one-year high of $94.80 and a one-year low of $57.65. Currently, GE Healthcare Technologies Inc has an average volume of 4.81M. Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEHC in relation to earlier this year. Most recently, in February 2025, George A. Newcomb, the CAO of GEHC sold 2,000.00 shares for a total of $185,080.00.
Yahoo
22-05-2025
- Business
- Yahoo
Was Jim Cramer Right About GE Healthcare Technologies Inc. (GEHC)?
We recently published a list of GE Healthcare Technologies Inc. (NASDAQ:GEHC) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, Mad Money's Jim Cramer discussed GE Healthcare Technologies Inc. (NASDAQ:GEHC) as the first spinoff in GE's transformation, noting its solid performance despite slower recent momentum. 'GE Health is up 46%. They both trounced the S&P 500, which is up 39% over the same period. Now, most of GE Healthcare's gains came early on, and it's more of a grind since then. It's still mainly a grind higher. We have used some moments of weakness to buy some for the Charitable Trust.' This one quietly slipped 10.06%, making Cramer's optimism look misplaced in hindsight. GE Healthcare Technologies Inc. (NASDAQ:GEHC) has struggled to excite investors as margin pressure and slowing diagnostics growth weigh on sentiment. A radiologist in a lab examining a computed tomography scan of a patient. However, Cramer recently admitted that he changed his course on the stock. Here's what he replied to a caller on May 13: 'Okay, now you know, you're a club member, you know I sold a lot in the high 80s and then gave up on the rest. The reason I did was because it's inconsistent and too controlled by China, not America. So I am not going to be a backer. I am going to say the fabled [don't buy, don't buy, don't buy].' Overall, GEHC ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GEHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEHC and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
02-05-2025
- Business
- Business Insider
Goldman Sachs Sticks to Its Buy Rating for GE Healthcare Technologies Inc (GEHC)
In a report released yesterday, David Roman from Goldman Sachs maintained a Buy rating on GE Healthcare Technologies Inc (GEHC – Research Report), with a price target of $82.00. The company's shares closed yesterday at $67.67. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Roman covers the Healthcare sector, focusing on stocks such as Teladoc, LivaNova, and GE Healthcare Technologies Inc. According to TipRanks, Roman has an average return of 0.1% and a 54.05% success rate on recommended stocks. Currently, the analyst consensus on GE Healthcare Technologies Inc is a Strong Buy with an average price target of $89.75, implying a 32.63% upside from current levels. In a report released on April 30, BTIG also reiterated a Buy rating on the stock with a $82.00 price target. Based on GE Healthcare Technologies Inc's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.78 billion and a net profit of $564 million. In comparison, last year the company earned a revenue of $4.65 billion and had a net profit of $374 million Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEHC in relation to earlier this year. Most recently, in February 2025, George A. Newcomb, the CAO of GEHC sold 2,000.00 shares for a total of $185,080.00.
NDTV
25-04-2025
- Business
- NDTV
China Likely To Exempt Some US Goods From Tariffs As Costs Rise: Report
China's government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries. Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the people said, asking not to be identified discussing private deliberations. Officials are also discussing waiving the tariff for plane leases, the people said. Like many airlines, Chinese carriers don't own all of their aircraft and pay leasing fees to third-party companies to use some jets - payments that would have become financially ruinous with the additional tariff. Market reaction to the possibility of some goods being exempt was swift, with the offshore yuan flipping to a slight gain of 7.2857 per dollar, erasing Friday morning's losses of as much as 0.1%. The exemptions China is mulling mirror similar moves on the part of the US, which excluded electronics from its 145% tariff on Chinese imports earlier this month. The pullbacks reflect how deeply intertwined the world's two biggest economies are, with some key industries grinding to a halt after the trade war escalated. While the US imports far more from China than the other way around, Beijing's move spotlights the areas of its economy that remain reliant on US goods. China is the world's largest plastics manufacturer but some of its factories depend on ethane, which is mainly imported from the US. And its hospitals rely on advanced medical equipment like magnetic resonance imaging and ultrasound machines made by US firms like GE Healthcare Technologies Inc. China's Ministry of Finance and General Administration of Customs didn't respond to requests for comment. The list of exemptions is still in flux and discussions may not progress. Companies in vulnerable sectors have been asked by authorities to submit the customs codes of US goods that they need to be exempt from the new tariffs, other people familiar with the matter said. At least one Chinese airline has been notified that payments to aircraft leasing companies located in free trade zones will not be subject to the new levy, one person said. Traders have also been circulating purportedly tariff-exempt lists of customs codes that correlate to key chemicals and chip-making components. Bloomberg News could not independently verify the lists. Beijing is also preparing to waive additional tariffs on at least eight semiconductor-related products, Caijing reported Friday, citing anonymous sources. Those categories don't include memory chips for the time being, the outlet said, in a potential blow to Micron Technology Inc., the world's No. 3 memory chipmaker. Investors are looking for signs that the two countries will engage to lower tariffs, but relations appear to still be at a standstill. On Thursday, Chinese officials publicly demanded the US revoke all unilateral tariffs before agreeing to trade talks. President Donald Trump has tried to get President Xi Jinping on the phone since he returned to office, but the Chinese leader has, so far, resisted, pushing instead for lower-level talks to work out a deal. On the US front, Trump's administration has exempted smartphones, computers and other electronics from its so-called reciprocal tariffs - a major reprieve for global technology manufacturers including Apple Inc. and Nvidia Corp., though potentially a temporary one. The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips as well as flat-screen displays.
&w=3840&q=100)
First Post
25-04-2025
- Business
- First Post
Now China signals backing down from tariff war, mulls exempting some US imports over rising cost
The Chinese government is mulling to remove the additional tariffs, which were announced following Trump's declaration of reciprocal levies earlier this month, on medical equipment and some industrial chemicals like ethane read more US President Donald Trump and his Chinese counterpart Xi Jinping are at loggerheads over tariffs. Reuters China is considering suspending the 125 per cent tariffs on some US imports, as Beijing realises that the economic weight of a tit-for-tat trade war with Washington is heavy on some of its industries. According to a report by Bloomberg, the Chinese government is mulling to remove the additional tariffs, which were announced following Trump's declaration of reciprocal levies earlier this month, on medical equipment and some industrial chemicals like ethane. Although the US imports significantly more from China than it exports, Beijing's recent actions highlight sectors of its economy still dependent on American goods. For instance, China, the world's largest plastic producer, relies heavily on the US for the supply of ethane. The country's healthcare system depends on sophisticated medical equipment, such as MRI and ultrasound machines, manufactured by American companies like GE Healthcare Technologies Inc. STORY CONTINUES BELOW THIS AD How is China planning to suspend tariffs? While the Bloomberg report says that China's list of products that it's planning to exempt from the additional tariffs is not full and final yet, the government has asked companies to submit their customs codes for US goods that they deem should be exempted from the new tariffs. Traders have been circulating what are said to be tariff-exempt lists of customs codes linked to essential chemicals and semiconductor components. Meanwhile, investors are watching for indications that the two nations will take steps to reduce tariffs, but tensions seem to remain at an impasse. On Thursday, Chinese officials publicly called on the US to remove all unilateral tariffs before entering into trade discussions. Trump's former envoy says tariff cuts could come soon At the same time, US President Donald Trump's former envoy to China, Terry Branstad, has said that Washington may lower tariffs on Chinese goods to revive trade talks. 'And then we need a reciprocal response from the Chinese that shows they have an interest in it," he said earlier this week. 'And we'll see. I don't know that there will be a deal, but I know that Trump would like to see one at the end of the day … I think Trump wants it to happen quicker and not take years. So we'll see what happens, but I suspect we'll see movement within the next year,' he added.
