NYSE:GE

General Electric Stock Forecast, Price & News

Followed 156 Times

$11.66

+0.09 (+0.78 %)

(As of 01/14/2021 12:00 AM ET)

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Today's Range

$11.58

Now: $11.66▼

$11.73

50-Day Range

$10.15

MA: $10.88▼

$11.78

52-Week Range

$5.48

Now: $11.66▼

$13.26

Volume59.00 million shs

Average Volume79.43 million shs

Market Capitalization$102.14 billion

P/E Ratio32.39

Dividend Yield0.35%

Beta1.06

General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. It operates through Power, Renewable Energy, Aviation, Healthcare, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, 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; blades for onshore and offshore wind turbines; and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial and military airframes; maintenance, component repair, and overhaul services, as well as replacement parts; integrated digital components; 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 to hospitals, medical facilities, pharmaceutical and biotechnology companies, and life science research markets. The Capital segment leases and finances aircraft, aircraft engines, and helicopters; provides financial and underwriting solutions; and manages its run-off insurance operations which provides life and health insurance and reinsurance products. The company was founded in 1892 and is headquartered in Boston, Massachusetts.

MarketRank^™

Overall MarketRank^™

2.09 out of 5 stars

Multi-Sector Conglomerates Sector

6th out of 36 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd out of 7 stocks

2.3 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 $10.20, General Electric has a forecasted downside of 12.5% from its current price of $11.66.
Amount of Analyst Coverage
General Electric has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
General Electric has received 2,001 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
General Electric has received 1,170 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
General Electric has received 63.10% “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.

1.7 Dividend Strength

Dividend Yield
General Electric has a dividend yield of 0.35%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
General Electric has only been increasing its dividend for 1 years.
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 12.90% next year. This indicates that General Electric will be able to sustain or increase its dividend.

0.8 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
60.09% of the stock of General Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for General Electric are expected to grow by 675.00% in the coming year, from $0.04 to $0.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of General Electric is 32.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of General Electric is 32.39, which means that it is trading at a less expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 34.90.
Price to Earnings Growth Ratio
General Electric has a PEG Ratio of 8.54. 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 3.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Employees205,000

Debt

Debt-to-Equity Ratio2.10

Current Ratio2.31

Quick Ratio2.04

Price-To-Earnings

Trailing P/E Ratio32.39

Forward P/E Ratio291.50

P/E Growth8.54

Sales & Book Value

Annual Sales$95.21 billion

Price / Sales1.07

Cash Flow$1.33 per share

Price / Cash Flow8.79

Book Value$3.42 per share

Price / Book3.41

Profitability

EPS (Most Recent Fiscal Year)$0.65

Net Income$-4,978,000,000.00

Net Margins4.52%

Return on Equity5.37%

Return on Assets0.71%

Miscellaneous

Outstanding Shares8,759,872,000

Market Cap$102.14 billion

Next Earnings Date2/3/2021 (Estimated)

OptionableOptionable

$11.66

+0.09 (+0.78 %)

(As of 01/14/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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General Electric (NYSE:GE) Frequently Asked Questions

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

General Electric's stock was trading at $8.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GE shares have increased by 42.0% and is now trading at $11.66.
View which stocks have been most impacted by COVID-19.

Is General Electric a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last twelve months. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" General Electric stock.
View analyst ratings for General Electric or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than General Electric?

Wall Street analysts have given General Electric a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but General Electric wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is General Electric's next earnings date?

General Electric is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for General Electric.

How were General Electric's earnings last quarter?

General Electric (NYSE:GE) issued its earnings results on Wednesday, October, 28th. The conglomerate reported $0.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.10. The conglomerate earned $19.42 billion during the quarter, compared to analyst estimates of $19.15 billion. General Electric had a net margin of 4.52% and a return on equity of 5.37%. During the same period in the prior year, the business posted $0.15 earnings per share.
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, December 11th. Investors of record on Monday, December 21st will be paid a dividend of $0.01 per share on Monday, January 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Friday, December 18th.
View General Electric's dividend history.

Is General Electric a good dividend stock?

General Electric pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.35%. General Electric does not yet have a strock track record of dividend growth. The dividend payout ratio of General Electric is 6.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, General Electric will have a dividend payout ratio of 12.90% next year. This indicates that General Electric will be able to sustain or increase its dividend.
View General Electric's dividend history.

What price target have analysts set for GE?

15 Wall Street analysts have issued 1-year target prices for General Electric's shares. Their forecasts range from $5.00 to $14.00. On average, they expect General Electric's stock price to reach $10.20 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
View analysts' price targets for General Electric or view Wall Street analyst' top-rated stocks.

Who are some of General Electric's key competitors?

Some companies that are related to General Electric include Siemens Aktiengesellschaft (SIEGY), Emerson Electric (EMR), Koninklijke Philips (PHG), Peloton Interactive (PTON), Otis Worldwide (OTIS), Legrand (LGRVF) and Sharp (SHCAY).
View all of GE's 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), (CGC), AT&T (T), Bank of America (BAC), Intel (INTC), Ford Motor (F), Cisco Systems (CSCO) and The 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 58, Pay $8.12M)
Mr. L. Kevin Cox, Sr. VP & Chief HR Officer (Age 58, Pay $5.36M)
Mr. Russell T. Stokes, Sr. VP (Age 50, Pay $3.45M)
Ms. Carolina Dybeck Happe, Sr. VP & CFO (Age 49)
Mr. Thomas S. Timko, VP, Controller & Chief Accounting Officer (Age 53)
Mr. Victor R. Abate, Sr. VP & CTO
Ms. Nancy Anderson, VP & Chief Information Officer
Mr. Steven Eric Winoker, VP of Investor Communications
Mr. Michael J. Holston, Sr. VP, Gen. Counsel & Sec. (Age 59)
Ms. Linda Boff, Chief Marketing & Communications Officer (Age 59)

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 number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.02%), Community Bank of Raymore (0.01%), IFM Investors Pty Ltd (0.01%), Park National Corp OH (0.01%), Louisiana State Employees Retirement System (0.01%) and Webster Bank N. A. (0.00%). Company insiders that own General Electric stock include Edward P Garden, H Lawrence Culp Jr, L Kevin Cox, Leslie Seidman, Paula Rosput Reynolds, Russell Stokes, Scott Strazik, Thomas S Timko, Thomas W Horton and Trian Fund Management, LP.
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 State of Alaska Department of Revenue, Huntington National Bank, Intelligence Driven Advisers LLC, Coastal Investment Advisors Inc., Park National Corp OH, First Citizens Bank & Trust Co., Carlson Capital Management, and Livingston Group Asset Management CO operating as Southport Capital Management. Company insiders that have sold General Electric company stock in the last year include Edward P Garden, and Trian Fund Management, LP.
View insider buying and selling activity for General Electric or view top insider-selling stocks.

Which institutional investors are buying General Electric stock?

GE stock was bought by a variety of institutional investors in the last quarter, including Investment House LLC, IMS Capital Management, Community Bank of Raymore, IFM Investors Pty Ltd, Atalanta Sosnoff Capital LLC, Louisiana State Employees Retirement System, Gateway Advisory LLC, and Global Retirement Partners LLC. Company insiders that have bought General Electric stock in the last two years include 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 or or view top insider-buying stocks.

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 WeBull, 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 $11.66.

How big of a company is General Electric?

General Electric has a market capitalization of $102.14 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 1/15/2021 by MarketBeat.com Staff

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