GE stock: buy or sell?
July 15th, 2019
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.
|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?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we gathered 15 ratings published for GE stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|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|
|2019-3-18||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|
|2019-2-1||Royal Bank of Canada||Outperform||Positive|
|2019-2-1||JPMorgan Chase & Co.||n/a||Neutral|
GE stock analysis
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%).
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 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 $10.10Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|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||-|
|2019-3-18||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%|
|2019-2-1||Royal Bank of Canada||Raises Target||n/a||$12.00||-|
|2019-2-1||JPMorgan Chase & Co.||Reiterates||$1.06||$10.16||858.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 resultsGeneral 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%.
|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 ownershipWhen 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:
|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%|
|Monday, July 15th, 2019|
|Day range||$10.20 - $10.34|
|Average true range||$0.21|
|50d mov avg||$10.11|
|100d mov avg||$9.96|
|200d mov avg||$9.51|
General Electric performanceStocks 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.
|TMOThermo Fisher Sci...||11.26%||20.19%||33.57%|
General Electric competitorsWe picked a few stocks to conform a list of General Electric competitors to watch if you are interested in investing in GE:
- Caterpillar (CAT)
- Danaher (DHR)
- Honeywell International (HON)
- Medtronic (MDT)
- 3M (MMM)
- Koninklijke Philips (PHG)
- Thermo Fisher Scientific (TMO)
- United Technologies (UTX)
Latest GE stock news
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- Seeking AlphaGeneral Electric's Fallen Angel Has Some Light LeftJune 27, 2019
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- InvestorPlace3 Pros, 3 Cons for Buying General Electric Stock Right NowJune 20, 2019