Is GE a good buy right now? (2023)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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%.

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.

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.

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?

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.

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.

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

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.

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.

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

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.

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

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.

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.

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.

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

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.

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.

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

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?

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.