GE stock: buy or sell?

GE stock price: $10.27 -0.96% At close on July 15th, 2019

Updated on:
July 15th, 2019

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Shares of General Electric slightly fell a bad -0.96% and closed at $10.27.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with General Electric stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean GE will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is General Electric stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we gathered 15 ratings published for GE stock in the last month.

Is GE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-15UBS GroupBuyNeutral
2019-5-2Deutsche Bankn/aHold
2019-4-8JPMorgan Chase & Co.NeutralUnderweight
2019-3-8Credit Suisse Groupn/aNeutral
2019-3-8Credit Suisse Groupn/aNeutral
2019-3-6Royal Bank of Canadan/aBuy
2019-3-6JPMorgan Chase & Co.n/aNeutral
2019-3-6Gordon Haskettn/aUnderperform
2019-3-4Barclaysn/aOverweight
2019-3-18Royal Bank of Canadan/aBuy
2019-3-12Royal Bank of Canadan/aBuy
2019-2-27JPMorgan Chase & Co.n/aNeutral
2019-2-26Cowenn/aHold
2019-2-1Royal Bank of CanadaOutperformPositive
2019-2-1JPMorgan Chase & Co.n/aNeutral

GE stock analysis

Daily outlook

General Electric slightly fell a bad -0.96% and closed at $10.27.

Shares of General Electric ended today at $10.27 and slightly fell a bad -0.96%. On Jun/10, SMA100d and SMA200d crossed up triggering a rise of 3.01%. In the last 41 days when GE stock price broke up the SMA200d line, it gained $0.75 (7.88%).

GE stock chart (daily)

Weekly outlook

General Electric ended this week at $10.27 and slightly fell a lame -0.96%. Early June GE boosted an impressive 5.42% in just one week.

From a weekly outlook, GE marked an uptrend of rising tops and rising bottoms. Since its last top early July at $10.72, price slid and bounced up back from $10.04. Breaking down under $10.04 would cancel the current uptrend and it might test lower supports. Note that $10.72 might act as a resistance line. Since early June when GE stock price broke up the SMA40w line, it gained $0.84 (8.91%). Late May, SMA20w and SMA40w crossed up triggering a rise of 8.79%.

GE stock chart (weekly)

GE stock price history

GE stock historical price chart

GE stock reached 52-week highs at $13.56, and all-time highs 2000-08-28 with a price of 32.09.

GE stock price target is $10.10

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 15 price targets for General Electric stock:
GE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-15UBS GroupDowngrades$13.00$11.50-11.5%
2019-5-2Deutsche BankSet Price Targetn/a$10.00-
2019-4-8JPMorgan Chase & Co.Downgrades$6.00$5.00-16.7%
2019-3-8Credit Suisse GroupSet Price Targetn/a$11.00-
2019-3-8Credit Suisse GroupReiteratesn/a$11.00-
2019-3-6Royal Bank of CanadaSet Price Targetn/a$12.00-
2019-3-6JPMorgan Chase & Co.Set Price Targetn/a$6.00-
2019-3-6Gordon HaskettDowngradesn/a$7.00-
2019-3-4BarclaysRaises Target$12.00$13.008.3%
2019-3-18Royal Bank of CanadaSet Price Targetn/a$12.00-
2019-3-12Royal Bank of CanadaSet Price Targetn/a$12.00-
2019-2-27JPMorgan Chase & Co.Reiterates$6.00$10.6677.7%
2019-2-26CowenReiteratesn/a$8.00-
2019-2-1Royal Bank of CanadaRaises Targetn/a$12.00-
2019-2-1JPMorgan Chase & Co.Reiterates$1.06$10.16858.5%
(in average)$7.60$10.1033.0%
Moving in a range from $13.00 and $5.00, the price forecast for GE stock is $10.10. In average, analysts' outlook on GE price forecast is positive, upgrading the prediction by a 33.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, General Electric jumped a superb 12.73%. As soon as we get its posted EPS from the earnings report, we will extend this review.
GE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.23n/a
2017-Q32017-10-200.490.29-40.8%
2017-Q42018-01-240.290.27-6.9%
2018-Q12018-04-200.110.1645.5%
2018-Q22018-07-200.180.195.6%
2018-Q32018-10-300.210.14-33.3%
2018-Q42019-01-310.180.17-5.6%
2019-Q12019-04-180.13n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a slightly fine gain of 2.85% to $121,616.00 M dollars. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) plummed a -11.21% to -18.38%.

To have an up to date 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 USD. When comparing this TTM figures with the last reported annuality, we can esteem General Electric business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, decreased a bad -1.13%. Instead, profit margin (net income/sales) inched at -18.38%.

GE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$142,710 M-$15,160 M10.6%-
2014$147,811 M3.57%$15,233 M10.3%0.48%
2015$115,158 M-22.09%$-6,126.00 M-5.3%-140.22%
2016$119,687 M3.93%$8,831 M7.4%-244.16%
2017$118,243 M-1.21%$-8,484.00 M-7.2%-196.07%
2018$121,616 M2.85%$-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 million in revenues for 2019-Q1, a -18.01% less compared to previous quarter. Reported quarter income marked $3,588.00 million with a profit margin of 13.15%. Profit margin boosted 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 depreciated a -4.79%.
GE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$29,190 M-$1,510.00 M5.2%-
2017-Q3$31,327 M7.32%$1,836.00 M5.9%21.59%
2017-Q4$33,828 M7.98%$-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 M5.04%$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 M12.53%$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 a stock, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For General Electric, 0.16% of all outstanding shares are owned by its staff.

In case of General Electric stock, 58.64% 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.

The following table compares ownership indicators for other stocks related to General Electric:

GECATDHRHONMDT
Market cap$89.6 B$79.9 B$99.0 B$130.7 B$0.0 M
Total shares8,720.0 M571.9 M701.9 M746.9 M0.0 M
Float shares8,710.0 M570.9 M635.3 M695.7 M1,340.0 M
  - Institutional holdings (%)58.6%68.6%79.9%77.1%84.2%
  - Insider holdings (%)0.2%0.2%11.4%0.4%0.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

GE summary

Monday, July 15th, 2019
Open$10.25
Close$10.27
Day range$10.20 - $10.34
Previous close$10.37
Session gain-0.96%
Average true range$0.21
50d mov avg$10.11
100d mov avg$9.96
200d mov avg$9.51
Daily pattern
Weekly pattern lb03a

General Electric performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked Caterpillar, Danaher, Honeywell International, Medtronic, 3M, Koninklijke Philips, Thermo Fisher Scientific and United Technologies as the bechmarking frame for General Electric stock.
Stock3m6m12m
GEGeneral Electric9.96%18.18%-17.51%
CATCaterpillar-2.59%2.85%4.01%
DHRDanaher11.44%31.66%40.09%
HONHoneywell Interna...4.01%24.62%21.71%
MDTMedtronic15.03%18.27%14.78%
MMM3M-20.36%-10.39%-11.91%
PHGKoninklijke Phili...13.58%29.03%3.33%
TMOThermo Fisher Sci...11.26%20.19%33.57%
UTXUnited Technologi...-2.22%18.31%4.60%

General Electric competitors

We picked a few stocks to conform a list of General Electric competitors to watch if you are interested in investing in GE:

Latest GE stock news