Is GE stock a good buy?
On balance, and given a choice between buying and selling, I think GE is a buy. However, that doesn't mean you should buy the stock. As noted above, there are plenty of other stocks that look like better values on a risk-adjusted basis. For example, Raytheon Technologies in aviation and Carrier in the industrial sector at large.
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.
Why is GE stock so low?
The company had previously anticipated $300 million to $500 million worth of negative impact on free cash flow from the pandemic. So, in terms of free cash flow, things were at least twice as bad as the company had expected. And of course, the stock market loathes negative surprises, so now we’ve got an ultra-low GE stock.
Is GE in financial trouble?
General Electric Company Profile General Electric Co engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation ...
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What was GE highest stock price ever?
The all-time high General Electric stock closing price was 480.00 on August 28, 2000.
What is GE's target price?
Stock Price TargetsHigh$120.00Median$102.00Low$74.00Average$100.00Current Price$65.88
Is GE a buy hold or sell?
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.
Is GE a strong 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 a good stock to buy 2021?
Key Points. GE stock fell after the company reported its fourth-quarter results on Tuesday. While revenue declined due to supply chain issues and avoiding low-margin sales, GE expanded its profit margin and generated strong free cash flow in 2021.
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 it time to buy GE stock?
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 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.
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 is GE's future?
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 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 in 2022?
Is GE undervalued? 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 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...
2 Reasons Shareholders Should Love GE's Annual Report
GE Stock Slides As Supply Chain Headwinds Masks Progress
Earlier this month, General Electric (NYSE: GE) filed its annual report with the SEC. While many investors ignore big SEC filings, due to their length and complexity, they often contain important tidbits -- if you dig far enough. GE's 2021 annual report had two pieces of very good news for shareholders.
Why General Electric Stock Slumped Today
General Electric Co (NYSE: GE) issued an investor newsletter, mentioning continued supply chain pressure across most of its businesses as material and labor availability and inflation affect Healthcare, Renewable Energy, and Aviation. GE expects these challenges to persist at least through the first half of the year.
GE Warns Supply-Chain Issues to Pressure Profits, Cash Flow
What happened Shares in industrial giant General Electric (NYSE: GE) fell by almost 6% midday as investors digested a management update on trading conditions in the first quarter. In the update, management noted continued supply chain pressure across three of its four segments, namely healthcare, aviation, and renewable energy.
UPDATE 2-GE warns of profit hit in first half from supply and labor issues
General Electric’s shares fell after the company warned that supply-chain problems, labor shortages and inflation would weigh on its financial results in the first half of the year.
GE warns of profit hit in first half from supply and labor issues
General Electric Co warned on Friday that a supply chain logjam coupled with a labor crunch and inflation will pressure profits through the first half of the year. In a regulatory filing, the company said the forecast, which was shared with investors last month, had factored in supply-chain and inflationary challenges.
General Electric Stock Slides On Supply Chain, Labor Cost Hit to 2022 Profit Outlook
CHICAGO (Reuters) -General Electric Co warned on Friday that a supply chain logjam coupled with a labor crunch and inflation will pressure profits through the first half of the year. In a regulatory filing, the company said the forecast, which was shared with investors last month, had factored in supply-chain and inflationary challenges.
When did General Electric split its stock?
GE said Friday that the "magnitude" of supply chain and cost challenges could pressure its near-term profit forecasts.
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.
How much is General Electric stock worth in 2021?
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.
When will the sell signal come out in 2021?
The General Electric Company stock price gained 2.25% on the last trading day (Friday, 9th Jul 2021), rising from $12.87 to $13.16. During the day the stock fluctuated 1.93% from a day low at $12.94 to a day high of $13.19. The price has risen in 6 of the last 10 days and is up by 0.08% over the past 2 weeks. Volume fell on the last day by -13 million shares and in total, 41 million shares were bought and sold for approximately $539.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
When will the double bottom go up in 2021?
A sell signal was issued from a pivot top point on Wednesday, July 21, 2021, and so far it has fallen 0%.
Is General Electric a sell or buy signal?
A buy signal from a double bottom formation was found on Friday, June 18 , 2021 and based on theory for this formation the price should go up by 17.61% to $15.48 within 26 trading days since signal was issued (Tuesday, July 27, 2021).
Top Stock Trades for Tomorrow: Facebook (FB)
The General Electric Company stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Top Stock Trades for Tomorrow: General Electric (GE)
Facebook (NASDAQ: FB) has been hammered, as shares have fallen from almost $225 in January to a recent low of $155. The stock wasted little time breaking below uptrend support (blue line) and its major moving averages.
