General Electric shares fell after the company reported better-than-expected fourth-quarter earnings and cash flow, while sales missed expectations. Management’s financial guidance for 2022 was mixed.
Similarly, How high will GE stock go?
General Electric’s shares appear to be poised for a rebound, based on an analysis of the stock’s sell-side analyst price targets. The mean consensus target price for GE is $124.71, which is +25% higher than the company’s last traded share price of $99.95 as of January 6, 2022.
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 116.00, with a high estimate of 132.00 and a low estimate of 95.00. The median estimate represents a +27.82% increase from the last price of 90.75.
Thereof, Is GM a good stock to buy?
GM stock is up 8% year-to-date, and although that’s better than nothing, it’s an underperformance when compared to the 20% gains seen by the S&P 500. That said, a consensus target price above $47 – representing 30% upside – alongside a 4.2% dividend both make GM look like a compelling stock to buy today.
Is GE going out of business?
This morning, CEO Larry Culp announced that GE is going to split into three separate companies. The healthcare unit is going to be spun-off in early 2023, the energy division will be spun-off in early 2024, and the aviation business will be the remaining company.
Does GE have a future?
General Electric Co. will split into three separate companies, breaking up the once-mighty conglomerate into businesses focused on health care, power and aviation. The health care division will be spun off in early 2023, according to a statement Tuesday.
What is target price for GE?
Stock Price Target GE
| High | $ 132.00 |
|---|---|
| Median | $ 115.50 |
| Low | $ 98.00 |
| Average | $ 115.44 |
| Current Price | $ 89.74 |
What is the target price for GE?
Stock Price Target GE
| High | $ 132.00 |
|---|---|
| Median | $ 116.00 |
| Low | $ 95.00 |
| Average | $ 114.24 |
| Current Price | $ 90.83 |
Is GE stock undervalued?
The S&P 500’s overall PEG is currently about 0.9; GE’s PEG is 0.27, suggesting GE is significantly undervalued after accounting for its growth. Price-to-sales ratio is another important valuation metric, particularly for unprofitable companies and growth stocks.
Why is Ford stock so cheap?
Shares of Ford Motor Company ( F -0.19% ) opened lower on Monday amid a broad market sell-off driven largely by concerns about rising interest rates.
Is GM stock going to recover?
GM stock has risen by 78% since the end of 2018 compared to the S&P500 which has increased by 57% in the same period. In 2021 we expect revenue to recover marginally while earnings are expected to recover after a fall in 2020 with the impact of Covid-19.
Is Ford a buy right now?
Ford is a great buy now
The reinstatement of its dividend, which is currently $0.10 per share per quarter, gives Ford a 2% annual dividend yield. The dividend, paired with Ford’s reasonable forward price-to-EBIT ratio of under six makes Ford an interesting value stock in the EV space.
Is GE splitting into 3 companies?
On November 9, General Electric (NYSE:GE) announced a three-way breakup of the company. Combining GE Renewable Energy, GE Power, and GE Digital into one business, positioned to lead the energy transition, and then pursuing a tax-free spin-off of this business in early 2024.
What will happen to GE stock after split?
The GE Power, GE Renewable Energy, and GE Digital units will be put together and spun off in 2024. The remaining GE will be an aviation-focused company. The process will result in one-time separation costs of $2 billion.
Is GE still paying a dividend?
-September 10, 2021-The Board of Directors of GE (NYSE: GE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable October 25, 2021 to shareholders of record at the close of business on September 27, 2021. The ex-dividend date is September 24, 2021.
Who does GE own?
General Electric
| Type | Public |
|---|---|
| Number of employees | 205,000 (2021) |
| Subsidiaries | GE Additive GE Aviation GE Capital GE Digital GE Healthcare GE Power GE Renewable Energy GE Research |
| Website | www.ge.com |
| Footnotes / references |
How much cash does GE have?
General Electric cash on hand for 2020 was $43.849B , a 4.05% decline from 2019. General Electric cash on hand for 2019 was $45.699B, a 29.29% decline from 2018.
…
Compare GE With Other Stocks.
| General Electric Annual Cash on Hand (Millions of US $) | |
|---|---|
| 2020 | $43,849 |
| 2019 | $45,699 |
| 2018 | $64,632 |
| 2017 | $82,663 |
Will GE stock split?
The key points of the plan are as follows: GE Healthcare will be spun off in early 2023, with GE retaining a 19.9% stake. The GE Power, GE Renewable Energy, and GE Digital units will be put together and spun off in 2024.
Why is Tesla stock so high?
Higher rates hurt richly valued growth stocks such as Tesla more than others because the bulk of those companies’ profits are expected to roll in years from now. When rates rise, the discounted current value of those future earnings falls. The move seems to be a carry-over from events earlier in the week.
What is the best stock to buy right now?
Top 10 Stocks To Buy Right Now
- Palo Alto Networks, Inc. (NASDAQ: PANW)
- Shopify Inc. (NYSE: SHOP)
- PayPal Holdings, Inc. (NASDAQ: PYPL)
- Netflix, Inc. (NASDAQ: NFLX)
- Upstart Holdings, Inc. (NASDAQ: UPST)
- CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
- Airbnb, Inc. (NASDAQ: ABNB)
- Roku, Inc. (NASDAQ: ROKU)
Will Ford stock ever split?
Ford Stock Split: Recent Stock Split News
Although it will be immediately effective and vote of shareholders is due on May 25th 2022 and if approved in the same meeting, it is expected to trade post-split from June 6 2022.
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