The GE Healthcare spinoff was a good reward for investors. It has an excellent CEO and beat on the last quarter. Also it is the beneficiary of jobs coming back to North America. Most analysts that follow it have a 50% earnings per share growth target. Buy for a 3 to 5 year hold.
Their spin-outs have made this story simpler, like healthcare, and next year renewables. GE will become a pure-play aviation company which has secular growth; GE customers are Airbus and Boeing.
Stock price has come on, though perhaps not in the larger context. Gets credit for performance in 2023. Purging of really good assets to bolster cashflow. Trying to resurrect assets from the trash bin or close to it. Doing OK, but still a cashflow problem. Better choices elsewhere.
General Electric is a American stock, trading under the symbol GE-N on the New York Stock Exchange (GE). It is usually referred to as NYSE:GE or GE-N
In the last year, 13 stock analysts published opinions about GE-N. 5 analysts recommended to BUY the stock. 7 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for General Electric.
General Electric was recommended as a Top Pick by on . Read the latest stock experts ratings for General Electric.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
13 stock analysts on Stockchase covered General Electric In the last year. It is a trending stock that is worth watching.
On 2023-06-09, General Electric (GE-N) stock closed at a price of $106.3.
A great story this year, building its liquidity that will help retire their debt-ridden divisions. Next year, they will spin off their wind power business which has excelled this year. Momentum will continue for the next six months at least. Likes it.