Is GE a good long term stock?
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.
Bottom line: GE stock is not a buy right now. Over the long term, buying an index fund, such as SPDR S&P 500 (SPY), would have delivered safer, higher returns than buying GE stock. However, shares have outperformed since mid-2022 as General Electric revived growth and transformed into an aerospace-focused company.
GE Aerospace quote is equal to 155.880 USD at 2024-06-15. Based on our forecasts, a long-term increase is expected, the "GE" stock price prognosis for 2029-06-06 is 340.090 USD. With a 5-year investment, the revenue is expected to be around +118.17%. Your current $100 investment may be up to $218.17 in 2029.
GE Aerospace has a consensus rating of Strong Buy which is based on 15 buy ratings, 0 hold ratings and 0 sell ratings. The average price target for GE Aerospace is $183.47. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
GE Stock Price Forecast 2024-2025
The forecasted GE price at the end of 2024 is $216 - and the year to year change +69%. The rise from today to year-end: +35%. In the middle of 2024, we expect to see $167.
General Electric stock is expected to increase in value, ranging between $170 and $253. Forecasts for 2025. GE's price range is between $255 and $470 with a possible surge to $575 by 2028.
Analyst Price Targets
Based on analysts offering 12 month price targets for GE in the last 3 months. The average price target is $183.47 with a high estimate of $211 and a low estimate of $160.
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.
The largest shareholders in General Electric are asset managers, like Vanguard and BlackRock. The largest individual investors are company insiders, like executives and directors.
BOSTON – February 29, 2024 – General Electric Company (“GE”) (NYSE: GE) today announced that its Board of Directors has approved the previously announced spin-off of GE Vernova. [1] The company is expected to begin trading on the New York Stock Exchange (“NYSE”) on April 2, 2024, under the ticker symbol “GEV”.
What is the future outlook for GE stock?
According to our current GE stock forecast, the value of General Electric shares will rise by 3.72% and reach $ 166.59 per share by June 12, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).
Key Takeaways. General Electric completed its transition of splitting into three separate companies Tuesday, with GE Vernova, GE Aerospace, and GE Healthcare all trading under separate stock tickers.
GE Aerospace - Buy
Zacks' proprietary data indicates that GE Aerospace is currently rated as a Zacks Rank 1 and we are expecting an above average return from the GE shares relative to the market in the next few months.
How much is GE Aerospace's dividend? GE pays a dividend of $0.28 per share. GE's annual dividend yield is 0.28%.
Is General Electric a buy or a sell? In the last year, 24 stock analysts published opinions about GE-N. 11 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock.
EVENDALE, Ohio-April 5, 2024-The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable April 25, 2024, to shareholders of record at the close of business on April 15, 2024.
GE Aerospace (GE) shares surged over 7% in intraday trading Tuesday after it reported its first earnings as a standalone company and boosted its full-year outlook for operating profit.
Largest shareholders include Vanguard Group Inc, Capital Research Global Investors, BlackRock Inc., Fmr Llc, Capital International Investors, State Street Corp, TCI Fund Management Ltd, AIVSX - INVESTMENT CO OF AMERICA Class A, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and AGTHX - GROWTH FUND OF ...
The company spun-off GE Healthcare on January 3, 2023, and will spin-off GE Vernova (Power and Renewable Energy) in April 2024. Post-spin-off, GE Aerospace will comprise the Aerospace business, splitting General Electric, thereby completing the planned split of General Electric into three individual companies.
According to our Geron stock prediction for 2030, GERN stock will be priced at $ 6.02 in 2030. This forecast is based on the stock's average growth over the past 10 years.
How will GE stock split in 2024?
GE Aerospace and GE Vernova will make their joint official debut on April 2, 2024. In essence, it will be a de facto 4-for-1 forward stock split for current GE stockholders of record as of March 19th. Each GE shareholder will receive 4 shares of GE Vernova.
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.
General Electric has finalized its restructuring, separating into three distinct publicly-traded companies. The newly independent entities, GE Aerospace (GE) and GE Vernova (GEV), now trade individually on the New York Stock Exchange.
The claim that General Electric was recently purchased by a Chinese company is PARTLY FALSE, based on our research. While its true that Haier purchased GE's appliance business for $5.4 billion, Haier only purchased GE's appliance unit, not the entire company, as suggested in the claims.
You can sell your Plan shares at any time by submitting a request to sell online, by telephone or through the mail (see Contact Information). A check will be issued for your sale proceeds, unless you elect to receive the funds by direct deposit into your bank account.
