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NIO   20.60 (+1.88%)
BABA   92.05 (-0.55%)
AMD   101.27 (-1.02%)
MU   62.34 (-0.19%)
T   18.19 (-0.87%)
CGC   3.09 (+14.44%)
GE   75.93 (+2.11%)
F   15.70 (+2.61%)
DIS   110.34 (+3.48%)
AMC   24.75 (+11.59%)
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MSFT   285.29 (+0.84%)
META   175.31 (+4.91%)
GOOGL   119.61 (+1.82%)
AMZN   143.10 (+1.63%)
TSLA   903.07 (+4.46%)
NVDA   181.69 (-4.32%)
NIO   20.60 (+1.88%)
BABA   92.05 (-0.55%)
AMD   101.27 (-1.02%)
MU   62.34 (-0.19%)
T   18.19 (-0.87%)
CGC   3.09 (+14.44%)
GE   75.93 (+2.11%)
F   15.70 (+2.61%)
DIS   110.34 (+3.48%)
AMC   24.75 (+11.59%)
PYPL   98.63 (+3.47%)
PFE   49.36 (+0.18%)
NFLX   236.99 (+4.50%)
NYSE:GE

General Electric - GE Stock Forecast, Price & News

$75.93
+1.57 (+2.11%)
(As of 08/8/2022 10:11 AM ET)
Add
Compare
Today's Range
$75.00
$76.77
50-Day Range
$61.09
$78.76
52-Week Range
$59.93
$116.17
Volume
40,130 shs
Average Volume
6.85 million shs
Market Capitalization
$83.26 billion
P/E Ratio
N/A
Dividend Yield
0.43%
Price Target
$103.21

General Electric MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
36.0% Upside
$103.21 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.27
Upright™ Environmental Score
News Sentiment
-0.08mentions of General Electric in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
62.77%
From $2.74 to $4.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Multi-Sector Conglomerates Sector

3rd out of 23 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd out of 3 stocks

GE stock logo

About General Electric (NYSE:GE) Stock

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The Renewables segment provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. The Healthcare segment provides healthcare technologies to developed and emerging markets in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery and performance improvement solutions that are the building blocks of precision health to hospitals and medical facilities. The company also engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GE. Morgan Stanley dropped their target price on shares of General Electric from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Tuesday, July 12th. The Goldman Sachs Group dropped their price target on shares of General Electric from $108.00 to $82.00 and set a "buy" rating on the stock in a report on Thursday, June 23rd. Credit Suisse Group dropped their price objective on shares of General Electric from $86.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. UBS Group dropped their price objective on shares of General Electric from $113.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Barclays dropped their price objective on shares of General Electric from $96.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.21.

General Electric Price Performance

Shares of General Electric stock traded up $0.69 on Friday, hitting $74.36. 4,640,224 shares of the company traded hands, compared to its average volume of 7,022,916. The stock has a market capitalization of $81.54 billion, a P/E ratio of -17.54, a price-to-earnings-growth ratio of 3.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.80 and a current ratio of 1.13. General Electric has a 52 week low of $59.93 and a 52 week high of $116.17. The business has a 50-day simple moving average of $68.90 and a 200 day simple moving average of $82.01.

General Electric (NYSE:GE - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The conglomerate reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.40. General Electric had a negative net margin of 5.94% and a positive return on equity of 7.50%. The company had revenue of $18.65 billion for the quarter, compared to analysts' expectations of $17.90 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. General Electric's quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that General Electric will post 2.74 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Tuesday, June 28th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, June 27th. General Electric's dividend payout ratio is presently -7.55%.

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GE Stock News Headlines

Are General Electric's Downgrades A Warning Sign Or A Buying Opportunity?
General Electric's recent downgrades by analysts were credited due to the deteriorating short-term outlook for the stock. However, the company does perform well on several important ratios and with a less expensive valuation, leading to a bull case for shares.
GE reveals identity of 3 companies after historic split
GE has decided on the names it will give to the three publicly companies that it plans to divide itself into
3M (NYSE: MMM) Is Now A Good Time To Buy 3M After Downgrades? (GE)
3M's revenues are expected to contract and the company has been caught up in a string of product liability lawsuits. However, bulls are taking the opportunity to buy 3M's shares as they see them as an undervalued opportunity.
2H'22 Market Outlook: Avoid XLI And General Electric
General Electric (NYSE:GE) PT Lowered to $84.00
General Electric (NYSE:GE) Price Target Cut to $88.00
See More Headlines
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GE Company Calendar

Ex-Dividend for 7/25 Dividend
6/27/2022
Dividend Payable
7/25/2022
Last Earnings
7/26/2022
Today
8/08/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
Industrial Conglomerates
CUSIP
36960410
Employees
168,000
Year Founded
1892

Price Target and Rating

Average Stock Price Forecast
$103.21
High Stock Price Forecast
$136.00
Low Stock Price Forecast
$73.00
Forecasted Upside/Downside
+35.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
13 Analysts

Profitability

Net Income
$-6,520,000,000.00
Pretax Margin
-4.91%

Debt

Sales & Book Value

Annual Sales
$74.20 billion
Cash Flow
$5.17 per share
Book Value
$37.86 per share

Miscellaneous

Outstanding Shares
1,096,553,000
Free Float
1,088,877,000
Market Cap
$83.26 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives














GE Stock - Frequently Asked Questions

Should I buy or sell General Electric stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" General Electric stock.
View analyst ratings for General Electric
or view top-rated stocks.

What is General Electric's stock price forecast for 2022?

13 Wall Street analysts have issued 12-month target prices for General Electric's stock. Their GE stock forecasts range from $73.00 to $136.00. On average, they anticipate General Electric's share price to reach $103.21 in the next year. This suggests a possible upside of 38.8% from the stock's current price.
View analysts' price targets for General Electric
or view top-rated stocks among Wall Street analysts.

How has General Electric's stock price performed in 2022?

General Electric's stock was trading at $94.47 at the beginning of 2022. Since then, GE shares have decreased by 21.3% and is now trading at $74.36.
View the best growth stocks for 2022 here
.

Are investors shorting General Electric?

General Electric saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 12,400,000 shares, a decrease of 19.9% from the June 15th total of 15,490,000 shares. Based on an average daily volume of 6,990,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.1% of the shares of the company are sold short.
View General Electric's Short Interest
.

When is General Electric's next earnings date?

General Electric is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for General Electric
.

How were General Electric's earnings last quarter?

General Electric (NYSE:GE) released its earnings results on Tuesday, July, 26th. The conglomerate reported $0.78 EPS for the quarter, topping the consensus estimate of $0.38 by $0.40. The conglomerate earned $18.65 billion during the quarter, compared to analysts' expectations of $17.90 billion. General Electric had a negative net margin of 5.94% and a positive trailing twelve-month return on equity of 7.50%. The company's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share.
Read General Electric's conference call transcript
.

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

General Electric declared a quarterly dividend on Friday, June 17th. Shareholders of record on Tuesday, June 28th will be paid a dividend of $0.08 per share on Monday, July 25th. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 27th.
View General Electric's dividend history
.

Is General Electric a good dividend stock?

General Electric(NYSE:GE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.43%.
View General Electric's dividend history.

When did General Electric's stock split? How did General Electric's stock split work?

Shares of General Electric 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 was adjusted after the closing bell on Monday, August 2nd 2021. An investor that had 100 shares of General Electric stock prior to the reverse split would have 13 shares after the split.

What is H. Lawrence Culp, Jr.'s approval rating as General Electric's CEO?

690 employees have rated General Electric CEO H. Lawrence Culp, Jr. on Glassdoor.com. H. Lawrence Culp, Jr. has an approval rating of 89% among General Electric's employees.

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), AT&T (T), Bank of America (BAC), Intel (INTC), Ford Motor (F), Cisco Systems (CSCO) and Walt Disney (DIS).

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 investors include Pzena Investment Management LLC (1.19%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), New York State Teachers Retirement System (0.12%), State Board of Administration of Florida Retirement System (0.11%), TD Asset Management Inc. (0.09%) and SG Americas Securities LLC (0.00%). Company insiders that own General Electric stock include Edward P Garden, Electric Co General, H Lawrence Culp Jr, John S Slattery, L Kevin Cox, Leslie Seidman, Paula Rosput Reynolds, Scott Strazik, Thomas S Timko, Thomas W Horton and Trian Fund Management, LP.
View institutional ownership trends for General Electric
.

How do I buy shares of General Electric?

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

What is General Electric's stock price today?

One share of GE stock can currently be purchased for approximately $74.36.

How much money does General Electric make?

General Electric (NYSE:GE) has a market capitalization of $81.54 billion and generates $74.20 billion in revenue each year. The conglomerate earns $-6,520,000,000.00 in net income (profit) each year or ($4.24) on an earnings per share basis.

How many employees does General Electric have?

General Electric employs 168,000 workers across the globe.

When was General Electric founded?

General Electric was founded in 1892.

How can I contact General Electric?

General Electric's mailing address is 5 Necco Street, BOSTON MA, 02210. The official website for General Electric is www.ge.com. The conglomerate can be reached via phone at (617) 443-3000, via email at investor@ge.com, or via fax at 203-373-3131.

This page (NYSE:GE) was last updated on 8/8/2022 by MarketBeat.com Staff

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