NYSE:GEGeneral Electric Stock Price, Forecast & News

$8.11

+0.37 (+4.78 %)

(As of 06/5/2020 12:31 PM ET)

Add

Compare

Today's Range

$8.04

Now: $8.11▼

$8.56

50-Day Range

$5.49

MA: $6.42▼

$7.36

52-Week Range

$5.48

Now: $8.11▼

$13.26

Volume89.83 million shs

Average Volume117.37 million shs

Market Capitalization$70.94 billion

P/E RatioN/A

Dividend Yield0.54%

Beta0.93

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services. The Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; and blades for onshore and offshore wind turbines. The Oil & Gas segment offers oilfield and oilfield equipment, turbomachinery and process solutions, and digital solutions. The Aviation segment provides jet engines and turboprops for commercial airframes; maintenance, component repair, and overhaul services, as well as replacement parts; and additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Transportation segment provides freight and passenger locomotives, and rail and support advisory services; parts, integrated software solutions, and data analytics; software-enabled solutions; mining equipment and services; and marine diesel engines, and stationary power diesel engines and motors for drilling rigs, as well as overhaul, repair and upgrade, and wreck repair services. The Lighting segment offers light emitting diode products; and energy efficiency and productivity solutions. The Capital segment leases and finances aircraft, regional jets, turboprops, freighters, engines, helicopters, as well as offers financing and materials; financial and underwriting solutions; and insurance services. The company was founded in 1892 and is based in Boston, Massachusetts.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
General Electric has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.30, General Electric has a potential upside of 12.7% from its current price of $8.26.
Amount of Analyst Coverage
General Electric has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
General Electric has received 1,969 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
General Electric has received 1,154 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
General Electric has received 63.05% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about General Electric and other stocks. Vote “Outperform” if you believe GE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GE will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
General Electric is a leading dividend payer. It pays a dividend yield of 0.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
General Electric does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of General Electric is 6.15 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, General Electric will have a dividend payout ratio of 11.11 % next year. This indicates that General Electric will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, General Electric insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.90% of the stock of General Electric is held by insiders.
Percentage Held by Institutions
62.04% of the stock of General Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for General Electric are expected to grow by 800.00% in the coming year, from $0.04 to $0.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of General Electric is -25.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of General Electric is -25.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
General Electric has a PEG Ratio of 39.65. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
General Electric has a P/B Ratio of 2.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.54 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electronic, electrical equipment & components, except computer equipment

Sub-IndustryIndustrial Conglomerates

SectorMulti-Sector Conglomerates

Current SymbolNYSE:GE

Previous Symbol

CUSIP36960410

CIK40545

Webwww.ge.com

Phone617-443-3000

Debt

Debt-to-Equity Ratio1.80

Current Ratio1.91

Quick Ratio1.69

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio202.74

P/E Growth39.65

Sales & Book Value

Annual Sales$95.21 billion

Price / Sales0.75

Cash Flow$1.42 per share

Price / Cash Flow5.71

Book Value$3.42 per share

Price / Book2.37

Profitability

EPS (Most Recent Fiscal Year)$0.65

Net Income$-4,978,000,000.00

Net Margins-2.39%

Return on Equity13.66%

Return on Assets1.88%

Miscellaneous

Employees205,000

Outstanding Shares8,747,090,000

Market Cap$70.94 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

Receive GE News and Ratings via Email

Sign-up to receive the latest news and ratings for GE and its competitors with MarketBeat's FREE daily newsletter.

General Electric (NYSE:GE) Frequently Asked Questions

How has General Electric's stock been impacted by COVID-19 (Coronavirus)?

General Electric's stock was trading at $8.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GE shares have increased by 0.5% and is now trading at $8.2550. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of General Electric?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for General Electric.

When is General Electric's next earnings date?

General Electric is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for General Electric.

How were General Electric's earnings last quarter?

General Electric (NYSE:GE) issued its quarterly earnings results on Wednesday, April, 29th. The conglomerate reported $0.05 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.03. The conglomerate earned $20.52 billion during the quarter, compared to analysts' expectations of $20.34 billion. General Electric had a positive return on equity of 13.66% and a negative net margin of 2.39%. The company's revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. View General Electric's earnings history.

How often does General Electric pay dividends? What is the dividend yield for General Electric?

General Electric announced a quarterly dividend on Friday, February 14th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.01 per share on Monday, April 27th. This represents a $0.04 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, March 6th. View General Electric's dividend history.

What guidance has General Electric issued on next quarter's earnings?

General Electric issued an update on its first quarter 2020 Pre-Market earnings guidance on Thursday, April, 9th. The company provided EPS guidance of 0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10.

What price target have analysts set for GE?

15 analysts have issued 1-year price targets for General Electric's stock. Their forecasts range from $5.00 to $13.00. On average, they expect General Electric's stock price to reach $9.30 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price. View analysts' price targets for General Electric.

Has General Electric been receiving favorable news coverage?

Media headlines about GE stock have been trending somewhat positive on Friday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. General Electric earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the conglomerate a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutGeneral Electric.

Are investors shorting General Electric?

General Electric saw a increase in short interest in April. As of April 30th, there was short interest totaling 109,710,000 shares, an increase of 13.2% from the April 15th total of 96,930,000 shares. Based on an average daily trading volume, of 96,010,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.3% of the shares of the company are short sold. View General Electric's Current Options Chain.

Who are some of General Electric's key competitors?

Some companies that are related to General Electric include Siemens (SIEGY), Koninklijke Philips (PHG), Emerson Electric (EMR), Legrand (LGRVF), Peloton (PTON) and Sharp (SHCAY). View all competitors.

What other stocks do shareholders of General Electric own?

Based on aggregate information from My MarketBeat watchlists, some companies that other General Electric investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Canopy Growth (CGC), AT&T (T), Bank of America (BAC), Intel (INTC), Ford Motor (F), Cisco Systems (CSCO) and Walt Disney (DIS).

Who are General Electric's key executives?

General Electric's management team includes the following people:

Mr. H. Lawrence Culp Jr., Chairman & CEO (Age 56)
Ms. Jamie S. Miller, Sr. VP & CFO (Age 50)
Mr. Michael J. Holston, Sr. VP, Gen. Counsel & Sec. (Age 57)
Mr. Aris Kekedjian, Head of Corp. Devel. & Chief Investment Officer (Age 52)
Mr. David Leon Joyce, Vice Chair (Age 62)

What is General Electric's stock symbol?

General Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "GE."

Who are General Electric's major shareholders?

General Electric's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.90%), Geode Capital Management LLC (1.46%), Pzena Investment Management LLC (0.74%), Legal & General Group Plc (0.64%), Franklin Resources Inc. (0.44%) and Sumitomo Mitsui Trust Holdings Inc. (0.40%). Company insiders that own General Electric stock include Alexander Dimitrief, Edward P Garden, Francisco Dsouza, H Lawrence Culp Jr, L Kevin Cox, Leslie Seidman, Paula Rosput Reynolds, Russell Stokes, Scott Strazik, Thomas S Timko and Thomas W Horton. View institutional ownership trends for General Electric.

Which institutional investors are selling General Electric stock?

GE stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Nuveen Asset Management LLC, Southeastern Asset Management Inc. TN, Commerzbank Aktiengesellschaft FI, State Street Corp, Janus Henderson Group PLC, Parametric Portfolio Associates LLC, and Gateway Investment Advisers LLC. View insider buying and selling activity for General Electric.

Which institutional investors are buying General Electric stock?

GE stock was purchased by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Bessemer Group Inc., Geode Capital Management LLC, Swiss National Bank, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., and Wellington Management Group LLP. Company insiders that have bought General Electric stock in the last two years include Alexander Dimitrief, Francisco Dsouza, H Lawrence Culp Jr, L Kevin Cox, Leslie Seidman, Paula Rosput Reynolds, Scott Strazik, Thomas S Timko, and Thomas W Horton. View insider buying and selling activity for General Electric.

How do I buy shares of General Electric?

Shares of GE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is General Electric's stock price today?

One share of GE stock can currently be purchased for approximately $8.26.

How big of a company is General Electric?

General Electric has a market capitalization of $72.21 billion and generates $95.21 billion in revenue each year. The conglomerate earns $-4,978,000,000.00 in net income (profit) each year or $0.65 on an earnings per share basis. General Electric employs 205,000 workers across the globe.

What is General Electric's official website?

The official website for General Electric is www.ge.com.

How can I contact General Electric?

General Electric's mailing address is 5 Necco Street, BOSTON MA, 02210. The conglomerate can be reached via phone at 617-443-3000 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff