Is GE a good buy right now? (2023)

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Is GE stock expected to rise?

Stock Price Forecast

The 17 analysts offering 12-month price forecasts for General Electric Co have a median target of 95.00, with a high estimate of 107.00 and a low estimate of 72.00. The median estimate represents a +22.34% increase from the last price of 77.65.

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Is GE a buy hold or sell?

General Electric has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.

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Is GE a good stock to buy?

Wall Street analysts expect ongoing free cash improvement to $5.6 billion in 2023 and GE trading on a $91 billion market cap; this means the stock continues to have upside potential.

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What is the future of GE?

The company said it would spin off its healthcare unit as a stand-alone company in early 2023. It would then combine its power, renewable energy, and digital businesses into a single energy-focused entity and spin that off in early 2024. These moves would leave GE as an aviation pure play.

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Is GE a good stock to buy 2022?

In all of 2022, analysts now forecast GE earnings will jump 50% per share on roughly flat sales. They expect GE earnings to rise a further 71% in 2023 as revenue grows 9%. But they expect General Electric to surpass 2019 EPS of $5.20 only in 2024, FactSet says. Out of 22 analysts on Wall Street, 14 rate GE stock a buy.

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Why are GE shares so low?

The company is seeing persistent weakness in the Power and Renewable Energy segments. Unfavorable foreign currency movements are adding to the woes of the company. Due to these headwinds, shares of GE have declined 10% so far this year.

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What is the highest price GE stock has ever been?

The latest closing stock price for General Electric as of December 16, 2022 is 77.65.
  • The all-time high General Electric stock closing price was 256.53 on August 28, 2000.
  • The General Electric 52-week high stock price is 103.73, which is 33.6% above the current share price.

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Will GE break up?

This company will reunite the firm's renewable energy, power, digital, and energy financial services businesses into one entity. The resulting GE stock split is expected to occur in early 2024.
When will the next GE stock split occur?
Long position overnight fee-0.0308%
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19 Oct 2022

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Who holds the most GE stock?

Top 10 Owners of General Electric Co
StockholderStakeShares owned
Capital Research & Management Co....8.34%91,068,909
The Vanguard Group, Inc.7.49%81,857,419
T. Rowe Price Associates, Inc. (I...5.44%59,461,274
Fidelity Management & Research Co...4.18%45,729,351
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What is GE target price?

GE Stock Price Prediction

Based on 12 Wall Street analysts offering 12 month price targets for General Electric in the last 3 months. The average price target is $87.17 with a high forecast of $105.00 and a low forecast of $58.00. The average price target represents a -0.15% change from the last price of $87.30.

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Is GE leaving Russia?

The US engineering giant is one of hundreds of Western companies to announce plans to leave Russia in the wake of Moscow's invasion of Ukraine. It primarily works in the country's power generation sector, providing gas turbines and other equipment to plants.

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What is the weakness of GE?

Dependence on suppliers of raw materials imposes limits on General Electric's performance. This internal strategic factor is a weakness that affects the company's industrial operating segments in terms of business vulnerability to price and supply fluctuations of raw materials.

Is GE a good buy right now? (2023)
What are the best stocks to invest in now?

The 10 Best Stocks as of December 2022
  • Walt Disney DIS.
  • Comcast CMCSA.
  • Taiwan Semiconductor Manufacturing TSM.
  • Guidewire Software GWRE.
  • Equifax EFX.
  • TransUnion TRU.
  • Anheuser-Busch InBev BUD.
  • Yum China YUMC.
1 Dec 2022

Does GE pay a dividend in 2022?

General Electric's upcoming ex-dividend date is on Dec 13, 2022. General Electric shareholders who own GE stock before this date will receive General Electric's next dividend payment of $0.08 per share on Jan 24, 2023. Add GE to your watchlist to be reminded before General Electric's ex-dividend date.

How often does GE pay a dividend?

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 14.7.

Does GE currently pay a dividend?

Historical dividend payout and yield for General Electric (GE) since 1989. The current TTM dividend payout for General Electric (GE) as of December 16, 2022 is $0.32. The current dividend yield for General Electric as of December 16, 2022 is 0.41%.

Is General Electric in decline?

Despite GE's well-publicized decline it remains a force in its three main business sectors, employing 175,000 worldwide and operating in 130 countries.

What is wrong with GE stock?

General Electric's key Aviation business segment was negatively impacted by the coronavirus pandemic in 2020, with its revenue and operating profit down by -34% and -72%, respectively. As such, it is no surprise that GE's stock price has been weak with the recent spike in COVID-19 cases.

Is General Electric a blue chip stock?

Blue-chip stocks are securities issued by large companies that have a good reputation and reliable track record of delivering value to shareholders.
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GEGeneral Electric$77.51
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8 Jun 2022

When did GE last pay a dividend?

General Electric Co's previous ex-dividend date was on 2022-12-14. General Electric Co shareholders who own GE stock before this date will receive General Electric Co's next dividend payment of $0.0800 per share on 2023-01-25. General Electric Co's next ex-dividend date has not been announced yet.

When was the last time GE stock split?

Split History
Aug. 02, 20211:8
May 08, 20003:1
May 12, 19972:1
May 16, 19942:1
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How many times did GE stock split?

Has GE Ever Split Its Stock? June 8, 1971: a 2-for-1 split of common shares. June 2, 1983: a 2-for-1 split of common shares. May 26, 1987: a 2-for-1 split of common shares.

What happens to GE stock after spinoff?

Following the spin-off, GE HealthCare will be an independent, publicly traded company, and GE will retain up to 19.9% of the outstanding shares of GE HealthCare common stock.

Does GE have a lot of debt?

General Electric Total Long Term Debt (Quarterly): 30.40B for Sept. 30, 2022.

What 3 companies is GE splitting into?

GE reveals new company names as it approaches historic split
  • General Electric on Monday revealed the names of the three distinct companies that will result from the conglomerate's historic split.
  • The resulting businesses will be named GE HealthCare, GE Aerospace and GE Vernova.
18 Jul 2022

Why is GE breaking up?

Nov 9 (Reuters) - General Electric Co (GE. N) will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price, the company said on Tuesday.

How much debt does GE hold?

General Electric long term debt for the quarter ending September 30, 2022 was $26.121B, a 54.52% decline year-over-year.
Compare GE With Other Stocks.
General Electric Annual Long Term Debt (Millions of US $)
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Is GE Chinese owned?

GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016.

Which companies are pulling out of Russia?

The Big Four accounting firms — Deloitte, EY, KPMG and PwC — are pulling out of the country.

What will happen to GE Power?

Ongoing performance at GE Power is particularly important for three key reasons, and they all relate to the upcoming breakup of the company. As a reminder, GE will spin off GE Healthcare in early 2023 and then GE Vernova (a combination of GE Power and GE Renewable Energy) in early 2024.

What is GE Best known for?

The General Electric Company (GE) is an American multinational company. For more than 125 years, GE has invented the future of industry. Today, GE is best known for its work in the Power, Renewable Energy, Aviation and Healthcare industries.

What is the intrinsic value of GE?

As of today (2022-12-03), General Electric Co's Intrinsic Value: Projected FCF is $24.56.

Why did GE Digital fail?

Digital transformation initiatives don't need thousands of people. They need a small team with very little time and very little money. Even worse, GE Digital was saddled with a quarterly P&L, which oriented its business around short-term revenue growth rather than long-term strategic objectives.

What is the smartest thing to invest in right now?

  1. High-yield savings accounts. Online savings accounts and cash management accounts provide higher rates of return than you'll get in a traditional bank savings or checking account. ...
  2. Certificates of deposit. ...
  3. Money market funds. ...
  4. Government bonds. ...
  5. Corporate bonds. ...
  6. Mutual funds. ...
  7. Index funds. ...
  8. Exchange-traded funds.
27 Sept 2022

What is the best stock to buy in 2022?

Stocks With Growth Potential for 2022
  • Mueller Industries Inc. ...
  • First BanCorp (FBP) ...
  • Herc Holdings Inc. (HRI) ...
  • Devon Energy Corp. (DVN) ...
  • Marathon Oil Corp. (MRO) ...
  • Qualcomm Inc. (QCOM) ...
  • Berkshire Hathaway Inc. (BRK-A) ...
  • Micron Technology Inc. (MU)
23 Nov 2022

What stocks are hot right now?

CNC Centene Corp81.40+1.09
NEM Newmont Corporation46.14+0.57
HII Huntington Ingalls Industries Inc231.27+2.76
MCK Mckesson Corp372.64+4.36
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What will happen to GE stockholders?

GE will will split its business into three standalone companies. This will not result in a stock split. Instead, shareholders of GE will receive a certain number of shares in the newly created companies once the spin-off is completed.

Where will GE stock be in 5 years?

GE Stock Forecast 2024-2028

These five years would bring an increase: GE price would move from $151.76 to $276.33, which is up 82%. GE will start 2024 at $151.76, then soar to $176.32 within the first six months of the year and finish 2024 at $186.15. That means +111% from today.

Is Warren Buffett buying GE?

Warren Buffett tells CNBC he's not looking to buy any General Electric stock.

Is GE going to split?

Alphabet's stock split goes into effect today, while GE's business split will occur in 2023 and 2024. But General Electric did unveil new logos and names for its businesses, which will be splitting into three separate groups when it's complete.

What 3 companies will GE split into?

After GE HealthCare, GE's aviation and energy businesses will separate in 2024. The aviation business will become GE Aerospace. The power and renewables business will become GE Vernova. That name comes a combination of verde and nova, which are respectively “green” in Spanish and “new” in Latin.

Is GE on the decline?

Despite GE's well-publicized decline it remains a force in its three main business sectors, employing 175,000 worldwide and operating in 130 countries. 27 But its size hasn't worked in GE's favor in a long time.

Does Warren Buffett still own GE stock?

GE eventually bounced back and was trading at around $25.14 when Buffett finally dumped the last of his GE investment.

Is GE considering a reverse stock split?

GE filed an amendment to its certificate of incorporation to effectuate the reverse stock split on July 30, 2021, and GE common stock began trading on a split-adjusted basis on August 2, 2021. How will the reverse stock split impact dividend payments?

What new stock did Warren Buffett buy?

Warren Buffett's Berkshire Hathaway (BRKB) bought shares of Taiwan Semiconductor (TSM) for the first time during the third-quarter bear market, while dumping Store Capital (STOR) entirely.

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