General Electric - GE Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GE shares.
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11 brokers have issued 1-year price targets for General Electric's shares. Their GE share price forecasts range from $74.00 to $120.00. On average, they expect the company's share price to reach $91.00 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
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General Electric's stock was trading at $94.47 at the beginning of the year. Since then, GE shares have decreased by 9.0% and is now trading at $85.97.
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General Electric saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 11,480,000 shares, an increase of 11.2% from the October 15th total of 10,320,000 shares. Based on an average trading volume of 6,170,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
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General Electric (NYSE:GE) issued its quarterly earnings data on Tuesday, October, 25th. The conglomerate reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by $0.12. The conglomerate earned $19.08 billion during the quarter, compared to analyst estimates of $18.77 billion. General Electric had a positive trailing twelve-month return on equity of 7.20% and a negative net margin of 7.78%. The firm's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS.
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General Electric announced a quarterly dividend on Wednesday, November 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.08 per share on Wednesday, January 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Wednesday, December 14th.
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General Electric (NYSE:GE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.37%.
Read our dividend analysis for GE.

General Electric's stock 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 market closes on Monday, August 2nd 2021. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

General Electric issued an update on its FY 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $2.40-$2.80 for the period, compared to the consensus EPS estimate of $2.63. The company issued revenue guidance of -.

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

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).

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

General Electric's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.88%), BlackRock Inc. (6.02%), Price T Rowe Associates Inc. MD (5.44%), State Street Corp (3.78%), Pzena Investment Management LLC (1.26%) and Bank of New York Mellon Corp (0.90%). Insiders that own company stock include Edward P Garden, Electric Co General, H Lawrence Culp Jr, John S Slattery, Leslie Seidman, Paula Rosput Reynolds and Trian Fund Management, LP.
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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.
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One share of GE stock can currently be purchased for approximately $85.97.

General Electric (NYSE:GE) has a market capitalization of $93.94 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 ($5.53) on an earnings per share basis.

The company employs 168,000 workers across the globe.

General Electric's mailing address is 5 Necco Street, BOSTON MA, 02210. The official website for the company 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.