Should I buy GE stock right now? (2024)

Should I buy GE stock right now?

The highest analyst price target is $195.00 ,the lowest forecast is $148.00. The average price target represents 9.99% Increase from the current price of $154.49. GE Aerospace's analyst rating consensus is a Strong Buy. This is based on the ratings of 16 Wall Streets Analysts.

Is GE a good stock to buy now?

Is General Electric Stock a Good Buy? Investors are bullish on General Electric stock right now due in part to its compelling guidance. According to consensus estimates, General Electric is forecast to increase revenue from $68 billion in 2023 to $78 billion in 2025.

What will happen to GE stock after spinoff?

Ahead of its final breakup, GE held events in March that dug deeper into the post-split companies — GE Aerospace and GE Vernova. As the "new GE," GE Aerospace, emerges as a stand-alone company it will continue to use the GE stock ticker and remain on the S&P 500 index.

What is the future of GE stock?

According to our current GE stock forecast, the value of General Electric shares will drop by -3.19% and reach $ 151.53 per share by April 24, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 39 (Fear).

What will GE stock be worth in 5 years?

GE stock price stood at $150.19

According to the latest long-term forecast, GE price will hit $200 by the end of 2024 and then $250 by the end of 2025. GE will rise to $300 within the year of 2027, $350 in 2028, $400 in 2029, $450 in 2030 and $500 in 2032.

Is GE a long-term buy?

GE Signals & Forecast

The General Electric stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

Is GE a safe stock?

The company has seen significant growth and margin gains in all its units, particularly in aerospace and renewables. While some experts believe it is a good long-term hold with strong potential for growth, others feel the current valuation is high.

Should I sell my GE stock before the reverse split?

Selling before a reverse stock split is a good idea, but selling after the reverse stock split is not. Since you can sell before and after a reverse stock split, selling during one is optional. The main advantage of selling before the reverse stock split is that you don't have to wait around for it to happen.

What will happen to my GE stock?

No, the number of shares of GE common stock you own will not change as a result of the planned spin-off of GE Vernova. Unless you sell or otherwise dispose of your shares of GE common stock, your balance before and after the spin-off will remain the same.

What will GE shareholders get?

The distribution is intended to be tax-free to GE shareholders for U.S. federal income tax purposes. As of March 19 (record date), GE shareholders will receive one share of GE Vernova for every four shares of GE owned.

Should I sell or hold GE stock?

Is GE a Buy, Sell or Hold? GE Aerospace has a conensus rating of Strong Buy which is based on 14 buy ratings, 2 hold ratings and 0 sell ratings. The average price target for GE Aerospace is $169.93. This is based on 16 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Who is the largest shareholder of General Electric?

The company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and a financial services segment called GE Capital. The top shareholders of General Electric are Vanguard, Capital Research Global Investors, and BlackRock.

What is the GE dividend forecast for 2024?

GE Aerospace expects to generate more than $5 billion in 2024 free cash flow, which implies more than $3.7 billion to distribute. The payout of 28 cents a share will amount to about $300 million.

What is GE prediction for 2025?

Free cash flow for 2025 is expected to come in at $1.2 billion to $1.8 billion, up from a range from $0.7 billion to $1.1 billion for 2024. Eventually, GE Vernova sees Ebitda margins hitting 10%, which should drive Ebitda growth of roughly 15% a year on average for the coming five years.

What is happening with General Electric?

General Electric GE +2% (NYSE: GE) completed the spin-off of its power and renewables energy businesses on April 2. The spinoff company – GE Vernova – is now the new standalone energy company, while GE Aerospace will be focused on the company's aviation technology products.

Is GE a good dividend stock?

Dividend Yield vs Market

Notable Dividend: GE's dividend (0.2%) isn't notable compared to the bottom 25% of dividend payers in the US market (1.58%). High Dividend: GE's dividend (0.2%) is low compared to the top 25% of dividend payers in the US market (4.88%).

Is GE stock going to split soon?

And the old GE name is going away. GE will spin off GE Vernova on April 2, which will then start trading on the New York Stock Exchange (NYSE) under the ticker GEV. Holders of GE common stock will receive one share of GE Vernova common stock for every four shares of GE common stock held as of March 19.

What is the target price for GE stock in 12 months?

Based on analysts offering 12 month price targets for GE in the last 3 months. The average price target is $170.6 with a high estimate of $191 and a low estimate of $148.

What caused GE stock to fall?

GE's decline accelerated during the Great Recession, as the financial crisis revealed that it was overstretched.

Can I sell my GE stock?

To sell shares through a broker of their choice, the participant may request the broker to transfer shares electronically from the Plan account to their brokerage account. GE's share price may fluctuate between the time the sale request is received and the time the sale is completed on the open market.

When did GE stock crash?

A lot happened during Immelt's 16 years running GE. The 2008 financial crisis dealt a huge blow to the company: Its stock fell 42% in 2008, forcing GE to rethink its operations. Warren Buffett even stepped in and invested $3 billion to keep the company afloat.

How high will GE stock go?

The forecasts range from a low of $148.00 to a high of $191.00. The average price target represents an increase of 12.91% from the last closing price of $152.94.

Can you lose stock in a reverse split?

The reverse stock split doesn't cause investors to lose money by itself, but the move can signal to investors that the company is in financial trouble, which can lead to a sell-off. This will lower the value of the stock price, and stockholders will lose money.

Do stocks go up after a reverse split?

Key Takeaways. A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. A reverse stock split does not directly impact a company's value (only its stock price). It can signal a company in distress since it raises the value of otherwise low-priced shares.

Is GE buying back stock?

General Electric (GE) Announces $15B Share Buyback.


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