Is GE a Buy Sell or Hold?
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 buy now?
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.
What is GE's target price?
Stock Price Target GEHigh$120.00Median$107.00Low$80.00Average$103.00Current Price$78.00
Why is GE in decline?
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 long-term stock?
GE stock is not really a good long-term investment in my opinion. In the near-term, General Electric's shares could possibly rebound if there are signs of improvement in the COVID-19 situation. But the long-term outlook for GE is uncertain.
Is GE stock expected to rise?
Stock Price Forecast The 17 analysts offering 12-month price forecasts for General Electric Co have a median target of 107.00, with a high estimate of 120.00 and a low estimate of 80.00. The median estimate represents a +38.60% increase from the last price of 77.20.
What is the future of 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 debt does GE have?
GE decided to buy back about $25 billion in debt, up from its original target of $23 billion. With the added debt repurchased, GE will have paid back about $80 billion in debt between 2018 and 2021.
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
What happens to GE stock after company split?
These spin-offs are not totally unlike what happens when a company splits its stock, said Kelly Shue, a finance professor at the Yale School of Management. "Your original stock is now a share in GE aviation, but you also get these special stock dividends," Shue said. "You're still going to own all three branches."
Why are GE stocks 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.
Who Ruined General Electric?
Twenty years later, we can see clearly that the Manager of the 20th century was not Welch but Alfred P. Sloan, CEO and then Chairman of General Motors (1920-1963). Welch's main achievement was destroying the management model that Sloan had built, causing GE's subsequent near-collapse.