General Electric Co is a specialty industrial machinery company located in Massachusetts, United States, which is part of the Industrials sector, and is traded under the ticker GE on the NYSE exchange.
General Electric Co stock last closed at $91.37, down 0.24% from the previous day, and has decreased 2.92% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.04 percentage points. General Electric Co stock is currently +52.46% from its 52-week low of $59.93, and -3.96% from its 52-week high of $95.14.
There are currently 1.09B shares of GE outstanding. The market value of GE is $99.53B. In the past 24 hours, 6.66M GE shares were traded.
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Once you have identified the best place to buy General Electric Co stock, it's very important to research their stock prior to buying, so you truly comprehend the risk as well as the opportunity.
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You can view all of the due diligence checks on GE's stock page.
You can use many financial metrics, analyses, models, and charts to gauge GE's intrinsic value.
Using relative valuations measures:
You can access more valuation analysis on GE's stock here.
Out of 14 Wall Street analysts who research GE, the consensus analyst rating on GE is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Christopher Glynn, a top 15% analyst from Oppenheimer maintains GE with a buy rating and raises their GE price target from $98.00 to $102.00, on Mar 14, 2023.
Joe Ritchie, a top 11% analyst from Goldman Sachs maintains GE with a strong buy rating and raises their GE price target from $84.00 to $96.00, on Mar 13, 2023.
Deane Dray, a top 19% analyst from RBC Capital maintains GE with a buy rating and raises their GE price target from $93.00 to $100.00, on Mar 10, 2023.
Seth Seifman, a top 26% analyst from JP Morgan maintains GE with a hold rating and raises their GE price target from $88.00 to $100.00, on Mar 10, 2023.
Andrew Obin, a top 15% analyst from Bank of America maintains GE with a strong buy rating and raises their GE price target from $92.00 to $96.00, on Mar 6, 2023.
Maintaining his Strong Buy rating, Obin raised his price target on the General Electric Company by 4.3% ahead of the company's 2023 GE Investor Conference event scheduled for 2023/03/09.
Previewing the event, the analyst expects (1) "improved international air traffic to be the largest source of upside for GE Aerospace, and (2) 2024 framework for Vernova's adjusted operating profit to show "significant improvement" against 2023 guidance."
Explaining his new price target, Obin told investors that he adjusted his "sum of the parts analysis to include Vernova and GE Aerospace forecasts as well as a higher target multiple to reflect GE's improved balance sheet."
Future debt reduction will be aided by monetization of GE's "sizeable" equity stakes in AerCap and GE Healthcare, the analyst continued, adding that "GE has also made progress on its run-off insurance subsidiaries."
Those steps may provide "GE more optionality around the future of these insurance subsidiaries," Obin said.
You can dive deeper into what analysts are forecasting on the General Electric Co stock forecast page.
Last year, GE revenue was $76.56B. During the past 5 year, GE's revenue has increased by -5.07% per year. This was slower than the Specialty Industrial Machinery industry average of 3.13%.
Dive into GE's earnings and revenue performance here.
In the past year, executives and large shareholders at GE have bought more shares than they have sold.
L. Kevin Cox, Senior Vice President of GE, was the latest GE insider to sell. They sold $120,075.20 worth of GE stock on Mar 2, 2023.
Learn more about who owns GE shares here.
General Electric Co pays a dividend of 0.35%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.51%. If you owned $1,000 of GE stock, you would have received $3.50 in the past 12 months.
General Electric Co dividend payments have not consistently grown over the past decade and have not remained stable.
Find more analysis about General Electric Co dividend yield and history here.
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Now that you own some GE shares, you'll want to keep up with your investment.
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To reiterate, here are the 6 steps for buying General Electric Co stock:
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