Is GE stock headed to $72?
In a Tuesday afternoon report, Wells Fargo analyst Joseph O’Dea cut his price target for GE (ticker: GE) stock to $72 from $74. He still rates shares at Hold. It’s the fifth price target cut, at least, for GE shares over the past week or so.
Is Ge (Ge) earnings estimate lower than the Zacks consensus estimate?
For GE, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -41.22%.
Should you avoid Gege stock ahead of earnings?
GE doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
See more
Is GE a buy hold or sell?
General Electric has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Is GE a good stock to buy?
Bottom line: GE stock is not a buy. Over the long term, buying an index fund, such as SPDR S&P 500 (SPY), would have delivered safer, higher returns than GE stock. If you want to invest in a large-cap stock, IBD offers several strong ideas here.
Is GE in financial trouble?
GE's decline accelerated during the Great Recession, as the financial crisis revealed it to be overstretched. In 2018, GE—the last original component of the DJIA—was dropped from the index, after years of poor performance and declining revenues.
Is GE a good stock to buy 2022?
On a brighter note, the sell-off in the stock means GE now trades at a market cap of just $82.5 billion. Even if it only hits the low end of the free-cash-flow (FCF) 2022 guidance range of $5.5 billion to $6.5 billion, the stock will trade at just 15 times FCF in 2022.
Where is General Electric located?
Is GE a Fortune 500 company?
General Electric Company is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance.
When did General Electric split its stock?
In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th-most profitable company but has since very severely underperformed the market as its profitability collapsed.
How much did General Electric make in the quarter?
How did General Electric's stock split work? General Electric shares reverse split on the morning of Monday, August 2nd 2021. The 1-8 reverse split was announced on Monday, August 2nd 2021. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 2nd 2021.
Does General Electric have a dividend?
General Electric (NYSE:GE) announced its quarterly earnings data on Monday, April, 26th. The conglomerate reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The conglomerate earned $17.12 billion during the quarter, compared to analysts' expectations of $17.66 billion.