GE vs Specialty Industrial Machinery Stocks
| Ticker | Price | Price Target | Up/downside | Consensus |
| GE | $64.07 | $104.00 | +62.32% | Buy |
| MMM | $130.15 | $168.57 | +29.52% | Sell |
| ITW | $180.10 | $221.13 | +22.78% | Hold |
| ETN | $126.89 | $171.00 | +34.76% | Buy |
Full Answer
Is GE a good stock to buy now?
In the case of GE, financial advisors including Evercore Inc (EVR.N), PJT Partners Inc (PJT.N), Bank of America Corp (BAC.N) and Goldman Sachs each stand to collect tens of millions of dollars from their advisory roles on the company's break-up, according to estimates from M&A lawyers and bankers.
What is the right price to buy GE stocks?
We now recommend trailing up the stop (from $11.50) to $12.50. If triggered, this would all but guarantee a net investment return of 52%, when considering our previous recommendation to cover 50% of the holding. The stock is languishing after losing its way in recent years.
When to buy GE stock?
Several research firms have commented on GE. The Goldman Sachs Group reiterated a “buy” rating and issued a $124.00 price objective on shares of General Electric in a research note on Wednesday, January 26th.
Should you buy GE stock?
Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Portland General Electric currently has an average rating of “Hold” and a consensus price target of $52.00.
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Is GE stock a good buy right now?
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.
Is GE a buy or hold?
Consensus Rating 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 stock expected to rise?
Stock Price Forecast 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 80.00. The median estimate represents a +52.90% increase from the last price of 66.71.
Is GE stock buy or sell?
The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
What is GE target price?
Stock Price Target GEHigh$120.00Median$102.00Low$80.00Average$100.67Current Price$65.88
What was GE highest stock price ever?
The all-time high General Electric stock closing price was 480.00 on August 28, 2000. The General Electric 52-week high stock price is 116.17, which is 74.1% above the current share price.
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.
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.
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.
Is GE overvalued?
Growth: Looking ahead to the next four quarters, the S&P 500's forward PE ratio looks much more reasonable at just 20.6. GE's forward earnings multiple of 26.5 is also more reasonable, but it's still significantly higher than the S&P 500 as a whole, making GE's stock look overvalued.
Why is GE stock so cheap?
So, why is GE stock so low? To address at least the COVID part, GE has exposure in aviation, healthcare, oil, venture capital, and other hard-hit industries. The year 2020 was hard for everyone, and even analysts from founder Morgan's namesake bank say it's a risky investment for 2021.
What is General Electric stock symbol?
General Electric is a American stock, trading under the symbol GE-N on the New York Stock Exchange (undefined). It is usually referred to as NYSE:G...
Is General Electric a buy or a sell?
In the last year, 17 stock analysts published opinions about GE-N. 2 analysts recommended to BUY the stock. 13 analysts recommended to SELL the sto...
Is General Electric a good investment or a top pick?
General Electric was recommended as a Top Pick by null on null. Read the latest stock experts ratings for General Electric.
Why is General Electric stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should b...
Is General Electric worth watching?
17 stock analysts on Stockchase covered General Electric In the last year. It is a trending stock that is worth watching.
What is General Electric stock price?
On 2022-06-10, General Electric (GE-N) stock closed at a price of $71.23.
What were the first breakthroughs in GE?
A number of breakthroughs occurred in GE labs, such as finding phenolic resins to mold plastic (1912), building the first electric dishwasher (1935), building the first jet engine (1942), developing Lexan plastic (by accident in 1953), and creating the first solid-state laser (1962).
Who is the CEO of General Electric?
Few companies as historically important as General Electric have suffered through a worse two decades than GE’s under Immelt’s watch. But new CEO Lawrence Culp, Jr. is trying to turn the beleaguered firm around and analysts are beginning to wonder if the worst is finally over.
What is the Dow Jones Industrial Average?
In 1896, General Electric was asked to join 12 other companies in forming a brand new type of stock market tracking system known as an index. This index would be known as the Dow Jones Industrial Average. GE joined other American industrials like American Sugar Company, American Tobacco Company, Chicago Gas Company and United States Rubber Company. Today, General Electric is the only company from the original Dow 12 to remain in business.
How to execute a stock trade?
Once you identify an entry point, it’s time to execute the trade. Enter the number of shares you want to purchase and confirm your order. Use a limit order if you want to enter the stock at a specific price only or a market order if you want to immediately buy shares at the best available price.
Is GE toxic to investors?
GE has bounced back in 2019, but it remains toxic to legions of investors. Here are a few pros and cons to consider before adding General Electric to your portfolio.
Is General Electric a pariah?
Instead, General Electric is heavily indebted and former CEO Jeff Immelt is a pariah compared to his predecessor Jack Welch.
What does a high stock score mean for General Electric?
Stockchase rating for General Electric is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What is the symbol for General Electric?
General Electric is a American stock, trading under the symbol GE-N on the New York Stock Exchange (GE).
Where is General Electric located?
General Electric is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston, Massachusetts. More at Wikipedia. GE Fundamental Data by TradingView. GE Chart by TradingView. Technical Analysis for GE by TradingView. Tradingview.
Will General Electric reverse split in 2021?
DON'T BUY. General Electric (GE-N) March 10, 2021. Announced a 1-8 reverse stock split She predicts the board should get rid of today's reverse split, which is a sign of weakness and a bad idea. GE got to this place because they had stock, but rather they made bad acquisitions and debt skyrocketed.
What is General Electric known for?
General Electric Company is popular for its LEAP aircraft engines, Heavy-Duty gas turbines, Haliade-X and Cypress wind turbines, and healthcare solutions. Its zeal to invest in upgrades and innovation of products along with outstanding service capabilities and technological expertise raises its competitive appeal. Also, the high-tech giant’s plan to strengthen its industrial businesses — with a focus on Power, Aviation and Renewable Energy — and deleverage the balance sheet will boost fundamentals and shareholders’ value.#N#Founded in 1892, General Electric is currently headquartered in Boston, MA. Its products and services range from ...
Does Zackstrade endorse or recommend investment strategies?
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
Is a B better than a C?
An A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. Value Score A. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B.
Further Impact of the Reverse Stock Split
GE spent over $350 million per year to support its dividend even at the low price of $0.01 per share per quarter. Although cash flows have recently improved, dividend payouts are still only about 10% of GE’s operating cash flow.
How Will Investors React to the Reverse Stock Split?
Institutional investors are more inclined to follow minimum market cap, sectors, liquidity and governance. GE stock would likely be included in index funds tracking the S&P 500 whether trading was at $1 per share or $100 per share. Some funds even target low-priced stocks.
GE Stock Market Performance Snapshot
Over the last several days, GE’s stock rose slightly 0.2% in midday trading. The stock then climbed 5.4% after the 1-for-8 reverse stock split occurred. See the Google Finance market snapshot below.
Should You Buy, Sell or Hold Your GE Stock?
Not long ago, GE was in enormous debt, and bankruptcy rumors spread across the industry. Previous short-tenured CEO John Flannery opted not to reduce the quarterly dividend to $0.01. Looking back, some think that a reverse stock split could have saved the conglomerate millions of dollars back then.
Current and Future Outlook
Today, GE stock is at the upper level of a wide, horizontal trend. Normally this is a good opportunity to sell. However, a breakthrough at the top trend line at $106.93 is a strong signal to buy, resulting in a trend shift.
Final Take
Currently, GE is trading higher than its 2019 levels. Looking at the company’s revenue, however, suggests that shares should be priced lower than 2019 prices. See the chart below to compare GE’s major businesses.
How much is GE's revenue for the third quarter of 2020?
GE reported a killer third quarter 2020 earnings report. Total revenues for the quarter were $19.4 billion, which prompted CEO Larry Culp to declare $2.5 billion free cash flow in the fourth quarter.
Is GE in a rebuilding phase?
GE consistently beat analyst earnings estimates throughout 2020, but it wasn’t until November that market sentiment truly sparked a rally. The company was in a rebuilding phase since 2018, working aggressively to fix its balance sheets to become more competitive.
Who is the CEO of GE Power?
Meanwhile, CEO Larry Culp is expected to use his operational expertise to engineer margin improvements at GE Power and GE Renewable Energy -- not least by cutting costs and working through unfavorable legacy contracts. In addition, Culp is streamlining the organization and aggressively cutting corporate costs.
Is there a guarantee that commercial aviation markets will play out as expected?
There are five main talking points. First, there's no guarantee that commercial aviation markets will play out as expected, and there's also the possibility that GE's highly lucrative engine aftermarket sales will suffer an extended period of weakness due to a glut of engine replacement parts on the market.
