GE stock price:$10.27-0.96%At close on July 15th, 2019
Updated on: July 15th, 2019
3
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 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
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?
Date
Analyst / Broker
Previous rating
Current rating
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
2019-2-1
Royal Bank of Canada
Outperform
Positive
2019-2-1
JPMorgan Chase & Co.
n/a
Neutral
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
Date
Analyst / Broker
Action
Previous target
Current target
Diff
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
-
2019-2-1
Royal Bank of Canada
Raises Target
n/a
$12.00
-
2019-2-1
JPMorgan Chase & Co.
Reiterates
$1.06
$10.16
858.5%
(in average)
$7.60
$10.10
33.0%
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
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 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
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 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
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 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:
GE
CAT
DHR
HON
MDT
Market cap
$89.6 B
$79.9 B
$99.0 B
$130.7 B
$0.0 M
Total shares
8,720.0 M
571.9 M
701.9 M
746.9 M
0.0 M
Float shares
8,710.0 M
570.9 M
635.3 M
695.7 M
1,340.0 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 selling
0.0%
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.
Stock
3m
6m
12m
GEGeneral Electric
9.96%
18.18%
-17.51%
CATCaterpillar
-2.59%
2.85%
4.01%
DHRDanaher
11.44%
31.66%
40.09%
HONHoneywell Interna...
4.01%
24.62%
21.71%
MDTMedtronic
15.03%
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: