GE stock: buy or sell?
Updated on:
January 17th, 2020
3
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments.
Should I buy GE stock?
Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.Currently, General Electric stock doesn't match any of these trading strategies, so our recommendation is not to buy.
| Buy setup | Elegible |
|---|---|
| New all-time high | No |
| New 52 week high | No |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is General Electric stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.
At Stocks2.com, we collected 15 ratings published for GE stock in the last 30 days.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-9-5 | Morgan Stanley | Equal | Equal Weight |
| 2019-9-13 | Credit Suisse Group | n/a | Neutral |
| 2019-7-15 | UBS Group | Buy | Neutral |
| 2019-5-2 | Deutsche Bank | n/a | Hold |
| 2019-4-8 | JPMorgan Chase & Co. | Neutral | Underweight |
| 2019-3-8 | Credit Suisse Group | n/a | Neutral |
| 2019-3-8 | Credit Suisse Group | n/a | Neutral |
| 2019-3-6 | Royal Bank of Canada | n/a | Buy |
| 2019-3-6 | JPMorgan Chase & Co. | n/a | Neutral |
| 2019-3-6 | Gordon Haskett | n/a | Underperform |
| 2019-3-4 | Barclays | n/a | Overweight |
| 2019-3-18 | Royal Bank of Canada | n/a | Buy |
| 2019-3-12 | Royal Bank of Canada | n/a | Buy |
| 2019-2-27 | JPMorgan Chase & Co. | n/a | Neutral |
| 2019-2-26 | Cowen | n/a | Hold |
GE stock analysis
Daily outlook
Shares of General Electric remained steady an ugly -0.25% and closed at $11.81.
General Electric shares remained stable -0.25% to $11.81 yesterday. Since SMA100d and SMA200d crossed up on January 8th, GE price slid a -1.99%. Since last October when GE stock price broke up the SMA200d line, it gained $2.75 (30.35%).
Weekly outlook
General Electric ended this week at $11.81 and raised a slightly good 1.20%. Late December 2019 GE boosted an outstanding 6.60% in just one week.
General Electric stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, GE might consolidate in a flat-base, waiting to break out over or down under . Since late December 2019 when SMA20w and SMA40w crossed up, GE price gained $0.63 per share (5.64%). Since price and SMA40w lines crossed up late October 2019, GE climbed $2.82 (31.37%).
GE stock price history
GE stock went public on November 13th, 1980 with a price of $0.001. Since then, GE stock surged a inf%, with an average of inf% per year. If you had invested right after GE's IPO a $1,000 in GE stock in 1980, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
GE stock historical price chart
GE stock reached 52-week highs on January 7th at $12.24, and all-time highs 2000-08-28 with a price of 31.3.
GE stock price target is $11.80
Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' GE stock price predictions in the hope that they will be met as they may be wrong and not met. We have 15 price forecasts for GE stock released in the last month:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-9-5 | Morgan Stanley | Initiates | n/a | $10.00 | - |
| 2019-9-13 | Credit Suisse Group | Reiterates | n/a | $38.00 | - |
| 2019-7-15 | UBS Group | Downgrades | $13.00 | $11.50 | -11.5% |
| 2019-5-2 | Deutsche Bank | Set Price Target | n/a | $10.00 | - |
| 2019-4-8 | JPMorgan Chase & Co. | Downgrades | $6.00 | $5.00 | -16.7% |
| 2019-3-8 | Credit Suisse Group | Set Price Target | n/a | $11.00 | - |
| 2019-3-8 | Credit Suisse Group | Reiterates | n/a | $11.00 | - |
| 2019-3-6 | Royal Bank of Canada | Set Price Target | n/a | $12.00 | - |
| 2019-3-6 | JPMorgan Chase & Co. | Set Price Target | n/a | $6.00 | - |
| 2019-3-6 | Gordon Haskett | Downgrades | n/a | $7.00 | - |
| 2019-3-4 | Barclays | Raises Target | $12.00 | $13.00 | 8.3% |
| 2019-3-18 | Royal Bank of Canada | Set Price Target | n/a | $12.00 | - |
| 2019-3-12 | Royal Bank of Canada | Set Price Target | n/a | $12.00 | - |
| 2019-2-27 | JPMorgan Chase & Co. | Reiterates | $6.00 | $10.66 | 77.7% |
| 2019-2-26 | Cowen | Reiterates | n/a | $8.00 | - |
| (in average) | $9.30 | $11.80 | 27.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
After publishing its last earnings report on April, General Electric . As soon as we get its actual EPS from the earnings report, we will extend this review.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q2 | - | n/a | 0.23 | n/a |
| 2017-Q3 | 2017-10-20 | 0.49 | 0.29 | -40.8% |
| 2017-Q4 | 2018-01-24 | 0.29 | 0.27 | -6.9% |
| 2018-Q1 | 2018-04-20 | 0.11 | 0.16 | 45.5% |
| 2018-Q2 | 2018-07-20 | 0.18 | 0.19 | 5.6% |
| 2018-Q3 | 2018-10-30 | 0.21 | 0.14 | -33.3% |
| 2018-Q4 | 2019-01-31 | 0.18 | 0.17 | -5.6% |
| 2019-Q1 | 2019-04-18 | 0.13 | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
| 2019-Q3 | - | n/a | n/a | n/a |
Annual financial results
Compared to 2017, last anual revenues report draw a slightly good increase of 2.85% to $121,616.00 M USD. Nonetheless, its income margin (compared to revenues) plunged to -18.38%, that is $-22,355.00 million. To have an updated view of the financial situation of General Electric, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual General Electric TTM sales up to March 2019 were $120,243.00 and income was $-17,620.00 million dollars. If we compare this TTM figures with the last reported annuality, we can review General Electric business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, declined an ugly -1.13%. However, profit margin (net income/revenues) grew at -18.38%.| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2013 | $142,710 M | - | $15,160 M10.6% | - |
| 2014 | $147,811 M | 3.57% | $15,233 M10.3% | 0.48% |
| 2015 | $115,158 M | -22.09% | $-6,126.00 M-5.3% | -140.22% |
| 2016 | $119,687 M | 3.93% | $8,831 M7.4% | -244.16% |
| 2017 | $118,243 M | -1.21% | $-8,484.00 M-7.2% | -196.07% |
| 2018 | $121,616 M | 2.85% | $-22,355.00 M-18.4% | 163.50% |
| TTM | $120,243 M | -1.13% | $-17,620.00 M-14.7% | -21.18% |
Quarterly financial results
General Electric posted $27,286.00 M in revenues for 2019-Q1, a -18.01% decline compared to previous quarter. Reported quarter earnings marked $3,588.00 M with a profit margin of 13.15%. Profit margin rocketed a 10.86% compared to previous quarter when profit margin was 2.29%. When comparing sales to same quarter last year, General Electric sales marked an awful drop down and decreased a -4.79%.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q2 | $29,190 M | - | $1,510.00 M5.2% | - |
| 2017-Q3 | $31,327 M | 7.32% | $1,836.00 M5.9% | 21.59% |
| 2017-Q4 | $33,828 M | 7.98% | $-8,120.00 M-24.0% | -542.27% |
| 2018-Q1 | $28,660 M | -15.28% | $-1,147.00 M-4.0% | -85.87% |
| 2018-Q2 | $30,104 M | 5.04% | $800.00 M2.7% | -169.75% |
| 2018-Q3 | $29,574 M | -1.76% | $-22,769.00 M-77.0% | -2,946.13% |
| 2018-Q4 | $33,279 M | 12.53% | $761.00 M2.3% | -103.34% |
| 2019-Q1 | $27,286 M | -18.01% | $3,588.00 M13.1% | 371.48% |
General Electric ownership
When you are planning to invest in shares of a company, it's worth to review its ownership structure.General Electric shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.15% of all shares.
In case of General Electric stock, 62.23% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for GE stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
| GE | |
|---|---|
| Market cap | $103.1 B |
| Total shares | 8,730.0 M |
| Float shares | 8,720.0 M |
| - Institutional holdings (%) | 62.2% |
| - Insider holdings (%) | 0.1% |
| Shares in short selling | 0.0% |
GE summary
| Friday, January 17th, 2020 | |
|---|---|
| Open | $11.85 |
| Close | $11.81 |
| Day range | $11.76 - $11.93 |
| Previous close | $11.84 |
| Session gain | -0.25% |
| Average true range | $0.31 |
| 50d mov avg | $11.39 |
| 100d mov avg | $10.20 |
| 200d mov avg | $9.99 |
| Daily pattern | |
| Weekly pattern | lt06a |
General Electric performance
Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For General Electric, the benchmark is made against .| Stock | 3m | 6m | 12m |
|---|---|---|---|
| GEGeneral Electric | 31.96% | 17.86% | 36.06% |
General Electric competitors
Unfortunately, we could not find any public company that could be defined as General Electric competitor. This doesn't mean General Electric does not have any competitor in the market, it's just we could not detected it.Latest GE stock news
- Seeking AlphaGeneral Electric: This Is A Game ChangerAugust 3, 2019
- InvestorPlaceThe Fall of General Electric Stock Can Teach a Great LessonAugust 2, 2019
- Seeking AlphaGeneral Electric: The Turnaround Is Happening As We SpeakAugust 1, 2019
- InvestorPlaceThursday’s Vital Data: General Electric, Twitter and BaiduAugust 1, 2019
- Seeking AlphaGeneral Electric: This Is What Matters, For NowJuly 29, 2019