GE stock: buy or sell?

GE stock price: $9.37 -0.53% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Shares of General Electric closed today at $9.37 and declined a lame -0.53%.

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.

Check the only buy setup that matches with General Electric stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MAYes
100d MA crossing up 200d MANo

Is General Electric stock a buy?

Financial institutions and banks publish 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
2019-9-5Morgan StanleyEqualEqual Weight
2019-9-13Credit Suisse Groupn/aNeutral
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

GE stock analysis

Daily outlook

General Electric shares declined -0.53% to $9.37 today.

General Electric ended today at $9.37 and declined a lame -0.53%. On September/13 GE price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since SMA100d and SMA200d crossed up on June, GE price slid a -5.92%. From a daily perspective, GE is in a short term uptrend after plotting its last bottom ($7.75, on August 23rd) higher than the previous bottom, and its last top ($9.51, on Sep/12) also over the previous top. Now trading in between its last bottom and last top GE might consolidate in a plain range, waiting to break out over $9.51 or down under $7.75.

GE stock chart (daily)

Weekly outlook

After boosting a super good 6.85% in a week last week, General Electric closed this week at $9.37 and remained stable a slightly good 0.32%. By mid August GE plunged a bloodcurdling -10.30% in just one week. With this, it's been 4 climbing weeks in a row, soaring a 16.06%.

Since early August, when GE stock price broke down the 40-weeks moving avarage line, it slid $-0.62 per share (-6.21%). Stocks below the 40w moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up late May, GE price slid a -0.64%.

GE stock chart (weekly)

GE stock price history

GE IPO was on November 13th, 1980 at $0.00 per share1. Since then, GE stock surged a inf%, with an average of inf% per year. If you had invested $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 October at $13.19, and all-time highs 2000-08-28 with a price of 31.33.

GE stock price target is $11.80

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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 GE stock:
GE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-5Morgan StanleyInitiatesn/a$10.00-
2019-9-13Credit Suisse GroupReiteratesn/a$38.00-
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-
(in average)$9.30$11.8027.0%
The price prediction for General Electric stock is $11.80, moving in a range between $38.00 and $5.00. In average, analysts' outlook on GE price forecast is positive, increasing the target by a 27.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last April, when General Electric published its last earnings report, it . As soon as we get its actual 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

In 2018, General Electric annual sales appreciated a tiny 2.85% to $121,616.00 million dollars from $118,243.00 marked in 2017. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) plummed a -11.21% to -18.38%.

General Electric presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, General Electric TTM sales up to March 2019 were $120,243.00 and earnings $-17,620.00 million dollars. 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, declined an unpleasant -1.13%. However, profit margin (net income/sales) raised 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 reported $27,286.00 M in sales for 2019-Q1, a -18.01% decline compared to previous quarter. Reported quarter income 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 revenues to same quarter last year, General Electric sales marked a fateful correction and slightly fell 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 buy a stock, it's worth to check its ownership structure.

General Electric shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.16% of all shares.

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$81.8 B$72.1 B$105.0 B$121.2 B$148.8 B
Total shares8,730.0 M562.6 M717.4 M719.5 M1,340.0 M
Float shares8,710.0 M561.4 M636.3 M687.1 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

Friday, September 20th, 2019
Open$9.46
Close$9.37
Day range$9.34 - $9.54
Previous close$9.42
Session gain-0.53%
Average true range$0.29
50d mov avg$9.31
100d mov avg$9.70
200d mov avg$9.34
Daily patternlt06a
Weekly pattern

General Electric performance

To measure stock performance is always good to compare with competitors or related stocks. 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 Electric-10.42%-5.92%-19.57%
CATCaterpillar-3.51%0.16%-15.82%
DHRDanaher1.96%13.15%36.18%
HONHoneywell Interna...-2.92%9.13%7.19%
MDTMedtronic12.31%23.48%15.94%
MMM3M-2.88%-17.03%-20.43%
PHGKoninklijke Phili...12.83%25.47%8.50%
TMOThermo Fisher Sci...0.70%12.47%22.04%
UTXUnited Technologi...5.91%9.56%-2.36%

General Electric competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for General Electric. We chose 8 companies as General Electric competitors as they are in the same industry or have similar market objectives.

Latest GE stock news