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?
When did GE split adjusted shares start trading?
The split adjusted shares began trading on August 2, 2021. Loading ... This chart displays the latest GE stock price for today, as well as the stock price history for up to the past five years.
Does General Electric stock pay a dividend?
General Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "GE.". General Electric declared a quarterly dividend on Friday, September 7th. General Electric (NYSE:GE) released its earnings results on Tuesday, October, 30th.
What happens to GE stock after spin-off?
New investors can buy shares of one or all three companies. GE stock is expected to fall immediately after the spin-off, as the assets that now belong to the subsidiary will have been removed from the parent company’s books, reducing its book value.
See more
Will GE stock go back up?
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 stock a buy now?
The financial health and growth prospects of GE, demonstrate its potential to perform inline with the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Is GE going to go up?
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.
Is there any hope for GE stock?
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.
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.
Is GE a good investment?
The stock is looking like a good value now, but investors should be aware of the near-term risk. 2022 hasn't been a vintage year so farfor industrial giant General Electric (GE -2.38%). The stock is down 21% year to date, and there's real pressure on its full-year earnings outlook.
Will GE stock go up 2022?
GE Stock Price Forecast 2022-2023 The forecasted GE price at the end of 2022 is $81.62 - and the year to year change -14%. The rise from today to year-end: +22%. In the middle of 2022, we expect to see $68.44 per 1 GE.
What is GE target price?
Stock Price Target GEHigh$120.00Median$88.00Low$72.00Average$90.44Current Price$67.96
What was GE highest stock price ever?
The all-time high General Electric stock closing price was 480.00 on August 28, 2000.
Will GE stock split?
BOSTON — June 18, 2021 — GE (NYSE:GE) announced today that it will proceed with the 1-for-8 reverse stock split previously approved by GE shareholders at the annual meeting of shareholders on May 4, 2021.
Why did GE stock rise so much?
Culp has sold assets, reduced debt, and cut costs. As a result, GE's free cash flow from its industrials operations is rising again after years of declines.
What is going on with GE?
This morning, CEO Larry Culp announced that GE is going to split into three separate companies. The healthcare unit is going to be spun-off in early 2023, the energy division will be spun-off in early 2024, and the aviation business will be the remaining company.
Is GE a good long term stock?
Looking at the longer term, GE stock is down 26% from levels seen in late 2019. This marks an underperformance compared to some of its peers and the broader markets, with Honeywell stock rising 1%, 3M stock down 27%, and the S&P 500 index rising 16% over the same period.
Does Warren Buffett own GE stock?
Fortunately for Buffett, he did not buy common shares of GE stock. Instead, he bought preferred shares, which paid an annual dividend yield of 10%. Those shares were also convertible, meaning Buffett could choose to convert them to common shares.
What is the target price for GE stock?
Stock Price TargetsHigh$120.00Median$90.00Low$72.00Average$91.60Current Price$61.09
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.
When did General Electric split its stock?
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.
General Electric is splitting into three companies
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.
What will happen to GE stock after the spin-off?
On Nov. 9, GE announced plans to break up into three public companies focused on healthcare, energy, and aviation, respectively. A tax-free spin-off of the healthcare unit is planned for early 2023.
Analyst price target for GE
When the GE spin-off happens, existing shareholders of the parent company get equivalent shares in the new company. New investors can buy shares of one or all three companies.
GE earnings per share forecast
Based on 7 analyst s offering 12 month price targets for General Electric Co.
GE revenue forecast
What is GE 's earnings per share in the next 3 years based on estimates from 6 analyst s?
GE revenue growth forecast
What is GE 's revenue in the next 3 years based on estimates from 5 analyst s?
UPDATE 2-Safran boosts titanium stocks, shores up supply chain
How is GE forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
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.
NYSE: GE
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).
Let's dig into the details of the conglomerate's major announcement earlier this week
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Two reasons why the breakup makes sense
General Electric ( GE 4.14% ) surprised the market earlier this week by announcing its intent to divide itself into three companies. The plan makes sense and should result in a significant release of value for investors, but there's still some risk attached. Here's the lowdown.
Which spinoff gets what debt?
First, following the breakup, each of the newly public offspring companies could trade at higher valuation multiples than they would be credited with as parts of the current GE due to what's now called the "conglomerate discount."
A smart plan, but there are still risks
As for the difficult question of which company will get what debt, management plans for all three companies to have investment-grade capital structures -- although it will, of course, be up to the rating agencies to ultimately decide if a company is "investment grade" or not.
Premium Investing Services
Power and renewable energy are complementary businesses that serve the electricity generation industry. Healthcare has little overlap with the rest of GE's businesses, and companies in that sector tend to command high valuations. They are also popular in the capital markets.
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].