What is the price of GE stock right now?
Since then, GE stock has increased by 52.2% and is now trading at $99.95. View which stocks have been most impacted by COVID-19. When is General Electric's next earnings date?
What happened to GE stock in 2020?
GE's stock had been steadily climbing in late 2019 and early 2020, reaching $105.28 on Feb. 12, 2020, before the global market downturn due to the COVID-19 pandemic. 2 By May 15, 2020, it had sunk to $43.92, its lowest price in two decades. 2 GE's aviation unit was specifically impacted; a unit that is crucial to the company's profitability.
When did GE stock split 1 for 8?
* Calculated after market close on July 30, 2021, the date GE completed its 1-for-8 reverse stock split. All numbers are approximate.
Is General Electric's stock over or undervalued?
The P/E ratio of General Electric is -192.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. General Electric has a PEG Ratio of 8.81. PEG Ratios above 1 indicate that a company could be overvalued. General Electric has a P/B Ratio of 2.96.
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Why did General Electric stock price drop so much?
CEO Larry Culp said the combination of supply chain issues, the war in Ukraine, and impacts from the latest COVID-19 outbreak in China are hurting the business.
Is GE stock a good stock to buy?
In all of 2022, analysts forecast GE earnings will jump 68% as sales rebound 2%. But they now expect General Electric to surpass 2019 EPS of $5.20 only in 2024, FactSet says. Out of 22 analysts on Wall Street, 14 rate GE stock a buy. Two have a hold and no one has a sell.
Does GE stock have a future?
General Electric Co (NYSE:GE) The 15 analysts offering 12-month price forecasts for General Electric Co have a median target of 102.00, with a high estimate of 120.00 and a low estimate of 74.00. The median estimate represents a +60.53% increase from the last price of 63.54.
What is the target price for GE stock?
Stock Price TargetsHigh$120.00Median$102.00Low$74.00Average$100.00Current Price$63.67
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 Buy Sell or Hold?
General Electric has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Will GE stock go up 2022?
GE Stock Price Forecast 2022-2023 The forecasted GE price at the end of 2022 is $95.49 - and the year to year change +1%. The rise from today to year-end: +21%. In the middle of 2022, we expect to see $90.45 per 1 GE.
What is the future for GE?
In power, GE believes it can grow sales at a low single-digit percentage and generate operating profit around 8% to 10%. Operating profit should be about $1.1 billion in 2022, growing to about $1.5 billion in 2023. Both numbers are a little better than Wall Street has been modeling.
How much cash does GE have?
General Electric cash on hand for 2020 was $43.849B, a 4.05% decline from 2019. General Electric cash on hand for 2019 was $45.699B, a 29.29% decline from 2018....Compare GE With Other Stocks.General Electric Annual Cash on Hand (Millions of US $)2020$43,8492019$45,6992018$64,6322017$82,6639 more rows
Will GE ever recover?
General Electric's shares appear to be poised for a rebound, based on an analysis of the stock's sell-side analyst price targets. The mean consensus target price for GE is $124.71, which is +25% higher than the company's last traded share price of $99.95 as of January 6, 2022.
Is Ford stock expected to rise?
Stock Price Forecast The 21 analysts offering 12-month price forecasts for Ford Motor Co have a median target of 17.00, with a high estimate of 32.00 and a low estimate of 11.80. The median estimate represents a +50.24% increase from the last price of 11.32.
Is Raytheon stock a buy or sell?
Raytheon Technologies Corporation - Sell Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of RTX, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Is General Electric stock a Buy, Sell or Hold?
General Electric stock has received a consensus rating of buy. The average rating score is and is based on 21 buy ratings, 5 hold ratings, and 0 se...
What was the 52-week low for General Electric stock?
The low in the last 52 weeks of General Electric stock was 70.75. According to the current price, General Electric is 100.68% away from the 52-week...
What was the 52-week high for General Electric stock?
The high in the last 52 weeks of General Electric stock was 116.12. According to the current price, General Electric is 61.34% away from the 52-wee...
What are analysts forecasts for General Electric stock?
The 26 analysts offering price forecasts for General Electric have a median target of 113.50, with a high estimate of 131.00 and a low estimate of...
UPDATE 2-Safran boosts titanium stocks, shores up supply chain
General Electric: Disappointing 1H22 Forecast Does Not Alter the Bull Case
French jet engine maker Safran said on Thursday it had enough titanium reserves for several months after increasing stocks of the metal since the start of the year as Western aerospace companies brace for fallout from the Ukraine crisis.
How much did General Electric make in the quarter?
A new theme has emerged recently; many companies have disclosed that 1H22 is shaping up to be a difficult period, in a sense continuing 2021’s woes, with relief only expected later in the year. The latest company to bear this trend out is General Electric (GE).
When did General Electric split its stock?
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.
Does General Electric have a dividend?
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.
Who invested in GE in 2008?
General Electric does not yet have a strong track record of dividend growth. The dividend payout ratio of General Electric is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, General Electric will have a dividend payout ratio of 7.69% next year.
Who is the CEO of GE?
Warren Buffett famously stepped in and invested $3 billion in 2008 to stabilize GE’s operations. And GE’s troubles didn’t end with the financial crisis. Its $9.5 billion purchase of French transportation company Alstom’s power business in 2015 was widely considered a flop.
What is the aviation unit of GE?
All eyes are on GE's newly minted CEO, H. Lawrence Culp Jr., who assumed the position in October 2018. Market analysts threw Culp a bone on Dec. 13, 2018, after JPMorgan raised its two-year rating on GE ...
Why did GE Capital lose its balance during the Great Recession?
GE's aviation unit is specifically impacted; a unit that is crucial to the company's profitability. GE's aviation unit makes airplane engines for Boeing and Airbus, and is GE's most profitable division, generating $32.9 billion in revenue for the company in 2019. That's 34% of total revenues.
How much did GE cut in 2020?
The GE Capital financial segment nearly toppled the company during the Great Recession because it did not have a competitive advantage over other financial services companies. To this day, the segment is still the subject of complaints that its balance sheet is too opaque and unwieldy.
What was the first product of GE?
As of February 2020, shares have fallen a whopping 59% since January 2017, when the company announced it would cut 12,000 jobs. The company’s market cap, which stood at $262 billion at the time, has fallen significantly to $107 billion.
When was GE invented?
GE’s earliest products were incandescent light bulbs, an electric locomotive, early x-ray machines, and an electric stove. The company began mass-producing electric home appliances in the 1920s and was soon credited for changing the landscape of the American home. In the years that followed, GE developed vacuum technology ...
Sales
Cost
- 20 Wall Street analysts have issued 1-year price targets for General Electric's stock. Their predictions range from $5.00 to $21.00. On average, they anticipate General Electric's stock price to reach $12.1765 in the next year. This suggests a possible upside of 20.2% from the stock's current price. View Analyst Price Targets for General Electric.
Ratings
- 20 Wall Street analysts have issued \"buy,\" \"hold,\" and \"sell\" ratings for General Electric in the last year. There are currently 2 sell ratings, 9 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of \"Hold.\" View Analyst Ratings for General Electric.
Reception
- News stories about GE stock have trended neutral this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. General Electric earned a news impact score of …
Ownership
- General Electric's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.80%), Pzena Investment Management LLC (0.70%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Parametric Portfolio Associates LLC (0.36%), Swiss National Bank (0.33%) and Dimensional Fund Advisors LP (0.33%). Company insi…
Business
- General Electric has a market capitalization of $87.95 billion and generates $121.62 billion in revenue each year. The conglomerate earns $-22,354,000,000.00 in net income (profit) each year or $0.65 on an earnings per share basis. General Electric employs 283,000 workers across the globe.
Location
- General Electric's mailing address is 41 FARNSWORTH STREET, BOSTON MA, 02210. The conglomerate can be reached via phone at 617-443-3000 or via email at [email protected].