#1 - General Electric (NYSE:GE)
It's safe to say that this isn't your grandfather's or even your father's General Electric (NYSE: GE). In fact, General Electric is now GE Aerospace. The company completed the spin-off of its energy division, GE Vernova, on April 2, 2024. That followed a spin-off of its healthcare unit in 2023.
That definitely simplifies the business model for investors. Chief executive officer (CEO) Larry Culp has purposefully worked to streamline GE's business since taking over the reins in 2018.
The aerospace division has long been considered the most appealing part of the company's business. It does have exposure to The Boeing Co. (NYSE: BA) and its 737-Max. But any headwinds that provides in the near term are far outweighed by the order book that the company is likely to have for years to come.
GE stock shot higher after the spin-off, and the General Electric analyst ratings on MarketBeat suggest that the stock may have a downside of over 4%. But an impressive 250% increase in the company's dividend is likely to keep current investors on board and provides an incentive for other investors to take a closer look.
About General Electric
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.
Read More - Current Price
- $168.53
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $176.00 (4.4% Upside)
