Should I sell or hold GE stock? (2024)

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.

Should I hold my GE stock?

Out of the 16 analysts tracking General Electric stock, 11 recommend a “strong buy,” one recommends a “moderate buy,” and four recommend a “hold.” The average target price for GE stock is $158.64, which is below the current trading price.

Is General Electric a buy sell or hold?

Free cash flow (FCF) is a closely watched metric. In 2022, General Electric's FCF reached $5.2 billion, up by $2.1 billion. Out of 19 analysts on Wall Street, 13 rate GE stock a buy, FactSet shows. Six have a hold and no one has a sell.

What will happen to GE stock after spinoff?

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 the close of business on the record date, March 19, 2024. Following the spin-off, GE Vernova will become an independent, publicly traded company.

What will GE stock be worth in 5 years?

Is GE stock expected to go up?

GE Stock Price Forecast 2024-2025

Today, GE traded at $154.63, so the price increased by 21% from the beginning of the year. The forecasted GE price at the end of 2024 is $220 - and the year to year change +72%. The rise from today to year-end: +42%. In the middle of 2024, we expect to see $177.

What will happen to my GE stock?

Importantly, GE shareholders will continue to hold their shares of GE common stock – but now with the company name GE Aerospace, GE said in a press release. Meanwhile, GE Aerospace will continue GE's listing on the NYSE under the ticker symbol GE.

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 is the future of General Electric?

Instead, by mid-2025, the current company will have broken up and become three companies. First, GE HealthCare will be spun off in early 2023. Next, GE's energy businesses (GE Power, GE Renewable Energy, GE Energy Financial, and GE Digital) will be combined and spun off as GE Vernova.

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%).

What will GE shareholders get?

Holders of GE common stock will be entitled to receive one share of GE Vernova common stock for every four shares of GE common stock held on March 19, 2024, the record date for the distribution. The distribution is expected to occur before U.S. market open on April 2, 2024.

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.

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.

Who holds the most GE stock?

The top shareholders of General Electric are Vanguard, Capital Research Global Investors, and BlackRock. The top individual shareholders are Edward Garden, H. Lawrence Culp, and Russel Stokes.

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.

Did GE raise its dividend?

Key Takeaways. GE Aerospace shares surged Friday as the company announced a 250% increase in its quarterly dividend.

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

What do analysts say about GE?

What is General Electric's consensus rating and price target? According to the issued ratings of 14 analysts in the last year, the consensus rating for General Electric stock is Moderate Buy based on the current 1 hold rating and 13 buy ratings for GE.

Is GE stock overbought?

General Electric is among the most overbought names on Wall Street.

What caused GE stock to fall?

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

Is GE buying back stock?

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

Where is GE Investor Day 2024?

We are excited to host GE Aerospace's 2024 Investor Day in New York City starting at 8:00am ET today. You can access a live webcast of the presentations, as well as accompanying slides and press release, on our investor website here.

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.

Why is GE stock doing so well?

Shares of industrial giant General Electric (GE -3.19%) soared by 18.5% in February, according to data from S&P Global Market Intelligence. The move comes from a well-received set of fourth-quarter earnings at the end of January and positive guidance for 2024.

Do stocks do well 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.