|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||129.39 - 130.94|
|52 Week Range||94.59 - 134.67|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||38.48|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.68 (0.51%)|
|1y Target Est||141.82|
Over the past year, General Electric (NYSE:GE) stock has endured its share of controversy. Once one of the most iconic U.S. companies, General Electric was booted from the Dow Jones Industrial Average last June, marking the first time in more than a century that GE stock was not a member of the blue-chip index.Source: Shutterstock Then, last October, in a move aimed at further shoring up the company's balance sheet and reducing costs, General Electric cut its dividend for the second time in 2018. Once a dependable dividend name, General Electric stock now has a paltry quarterly dividend of a penny per share.There are times when companies ensconced in controversy rebound. General Electric stock, while not anywhere close to being all the way back, is rebounding in epic fashion in 2019 with a year-to-date gain of 41%. That is good news, but the resurgence in General Electric stock this year does not mean all the controversy is behind the embattled company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Yield REITs to Buy (Even When the Market Tanks) Earlier this week, General Electric tempered enthusiasm regarding a recovery in its power-plant business, prompting at least one analyst to speculate the company is not being entirely transparent about the goings on at that unit."On Wednesday, GE said its power unit will need at least three years to halt its cash hemorrhage and restore its prior cash flow to double-digit cash margins," reports Reuters. "GE has said it expects to lose up to $2 billion in cash this year, mostly due to the power unit." Skepticism and GE StockIn a note out Wednesday, JPMorgan analyst Steve Tusa displayed skepticism about GE's ability to quickly turnaround the power-plant business while noting the company appears more committed to managing headline risk rather than improving the power-plant business."We see nothing here to change our negative view on Power, more so evidence of a company that appears to manage to headlines rather than on-the-ground fundamentals," said Tusa in a note to clients.The analyst is a noted GE bear. Last month, Tusa lowered his rating on General Electric stock to Underweight from Neutral while lowering his price target on the shares to $5 from $6. That is well below the average analyst price target of $12.76. GE stock traded just over $10 as of this writing.While there are reasons to be concerned with GE's power-plant business. Data from the company indicates the business is notching some growth. In the first quarter, GE's power-plant business booked six orders for the HA-class turbines, up from zero a year earlier. That means GE landed more orders than rivals Mitsubishi Hitachi Power Systems and Siemens AG.On the other hand, there are potential long-term risks in the gas-powered turbine business for any company with exposure to this industry because prices for alternative energy are declining, making cheaper and cleaner solar and wind more attractive to utility providers. The Bottom Line on GE StockThe power-plant unit is not the only potential risk to General Electric stock. GE's effort to sell its biopharma business to rival conglomerate Danaher Corp. (NYSE:DHR) is in jeopardy and that is significant because GE is expecting to land $20 billion in much needed cash for that sale.Weakness in the life sciences market could see the deal price trimmed or scrapped altogether, according to one analyst.Much of GE's efforts to bolster its balance sheet revolve around asset sales, so if the sale to Danaher fails, GE probably spins off the life sciences unit via an initial public offering.With General Electric stock up 41% this, controversy surrounding the power plant and no guarantees on asset sales, a case can be made that a lot of good news is already baked into the shares and near-term upside from current levels could be limited.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Power Plant Woes Could Stall the GE Stock Comeback appeared first on InvestorPlace.
Danaher (DHR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Danaher might be experiencing buyer’s remorse after GE biopharma competitors posted weak results. The purchase agreement might make remorse moot.
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Danaher Corp NYSE:DHRView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for DHR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting DHR. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.02 billion over the last one-month into ETFs that hold DHR are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. DHR credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
WASHINGTON , May 8, 2019 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced that Executive Vice President and Chief Financial Officer, Matt McGrew , and Executive Vice President, Rainer Blair , ...
WASHINGTON , May 7, 2019 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced today that its Board of Directors has approved a regular quarterly cash dividend of $0.17 per share of its common stock, ...
The stock market tends to overreact to both news and trends. Up until 2016, the market assumed that General Electric's (NYSE:GE) modestly improving operating results would continue, ignoring mounting problems under the hood. In late 2018, the market went too far in the other direction.Source: Shutterstock After GE stock tumbled from $30 to as low as $6.66, the pendulum swung too far the other way. This set up a huge buying opportunity, with some astute knife-catchers netting quick 50% gains from General Electric. At this point, however, I have to start to wonder if sentiment is getting a little bit too bullish again. All in all, $10 seems like a reasonable price for GE stock, but don't expect more huge upside moves from General Electric anytime soon. * 10 Cheap Stocks to Buy in May, But Don't Go Away Tusa Rains on the ParadeStephen Tusa has been GE stock owners' worst nightmare over the past few years. The J.P. Morgan analyst famously went negative on GE stock in May 2016, when it was trading for around $30 per share. Over the years, he's kept making prophetic warnings about the state of General Electric's business.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven how rare it is for analysts to take a strongly negative position on a stock and stick with it, Tusa has earned a reputation as a credible analyst. He recently further enhanced his standing with his prescient bearish call on 3M (NYSE:MMM) stock. 3M tumbled more than 10% - its worst one-day plunge in more than a decade - following its miserable earnings report in April. Tusa saw it coming.In any case, Tusa upgraded General Electric from his long-standing "sell" rating up to "neutral" in December. That closely coincided with GE stock's famous $6.66 bottom. While Tusa still had a lot of questions for General Electric, he thought GE could turn itself around, and GE stock consequently rallied.In April, however, Tusa warned that the turnaround was not going according to plan. Not only did he drop General Electric stock back to "underweight," but he actually trimmed his price target on GE stock from $6 to $5 per share.He wrote: "We believe many investors are underestimating the severity of the challenges and underlying risks at GE while overestimating the value of small positives." And Tusa makes some fair points. In particular, even most General Electric bulls will admit that the company's 2019 is shaping up to be underwhelming. GE Stock Will Only Drop to $5 If This HappensA key point in Tusa's bearish thesis is that GE stock can get pulverized if another recession hits before the company can clean up its balance sheet. Tusa accurately warns that the company's debt load is persistently high, while its cash flow generation remains weak. Given General Electric's considerable leverage to the economy, a recession could deliver a killer blow to GE at this point.But the owners of GE stock should relax. The U.S. probably won't enter a recession for at least a year. Despite all the fretting and panicking that occurred in late 2018, the economy held firm and is now looking up. The recently released GDP results came in above 3%, easily surpassing analysts' consensus outlook.Meanwhile, consumer figures look reasonably strong as well. Sure, there are some relatively weak spots, like autos and housing. On the whole, however, the economy is robust. Additionally, there's still a ton of stimulus in the system from Trump's tax cuts. Throw in the news this week that there appears to be bipartisan support for two trillion dollars of new infrastructure funding, and General Electric should find plenty of fresh contracts and opportunities to pursue.Tusa's point, however, is correct in isolation. The clock is ticking quickly for GE. General Electric needs to clean up its business, pay down its debt, and get its cash flow to more reliable levels. If a recession arrives in the back half of 2019, that would be awful news for General Electric. But that's not a likely scenario. General Electric Is Making ProgressIt's important to remember when considering Tusa's bearish view that General Electric is getting stuff done. In particular, it sold its biopharma operations to Danahar (NYSE:DHR) for a cool $21.4 billion. Another meaningful move was the merger of its transportation business. It also sold a portion of its lighting business to private equity firms earlier this year, and GE is working on other deals.There have been advances in other areas as well. Other analysts have pointed to decreasing uncertainty about the company's insurance liabilities. Furthermore, the rising stock market should have a favorable impact on GE's pension funding issues. The Verdict on GE StockGeneral Electric didn't collapse in a day. It cratered during the financial crisis due to aggressive credit deals. Even then, it bounced back enough to hide the rot of its core industrial businesses for another decade. With an organization as huge as GE, things don't break all at once.Similarly, General Electric can't be completely fixed in a day, either. CEO Larry Culp has been on the job barely six months. He's already accomplished a lot during his tenure. Bears such as Tusa are right to say that much more needs to be done.But it seems harsh to be cutting the stock's price target at this point, especially since economic conditions remain favorable. That said, bulls may become overly exuberant. General Electric still has to make a lot of progress before it can become a steady blu- chip stock again. At $10, GE stock is fairly priced and balances General Electric's risks and rewards equally.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post $10 Is a Fair Price for General Electric Stock appeared first on InvestorPlace.
General Electric's (GE) first-quarter 2019 results decline year over year due to weak sales performance and fall in margins. However, results surpass estimates.
3M (NYSE:MMM) stock plunged in Thursday trading on an earnings miss. MMM stock fell by about 13% as the company's first-quarter results missed analysts' consensus estimates on both the top and bottom lines. The 13% plunge was the largest one-day decline for MMM stock since the 1987 stock-market crash.Source: Shutterstock However, after the drop, the valuation of MMM stock has reached lower-than-average levels. Moreover, the company's extensive record of dividend increases and its continuing innovation should bolster it over the long-term. Given MMM's valuable product lines and its financial stability, the question of whether to buy 3M stock does not come down to if investors should do so, but to when they should buy it * 7 U.S. Shale Oil Stocks to Buy as Prices Rise MMM Missed Consensus Estimates by Large AmountsIn the first quarter, 3M earned $2.23 per share of MMM stock. That came in well below analysts' consensus estimate of $2.50 per share and under the $2.49 per share the company made in the same quarter last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLikewise, MMM's revenue of $7.86 billion came in $160 million below what analysts, on average, had expected. It also represents a 5.1% decline from the same quarter last year.3M's product lines go well beyond Post-it Notes and the tape found in desk drawers. MMM also sells products for cleaning, personal health care, home improvement, sports, and other items that consumers use every day. Both individuals and businesses utilize 3M 's products.Despite the nominal strength of the economy, the net income of every division of 3M fell in Q1, and the top line of every segment except health care declined. The health care division's revenue only increased 0.3%. Moreover, the revenue of the company's U.S. and Asia-Pacific regions dropped. In China, growth in Chinese currency, excluding acquisitions, dropped by 3.6%. In the U.S., MMM's growth fell by a more modest 0.4%. MMM Stock Is Cheap and May Become CheaperNonetheless, InvestorPlace columnist Will Ashworth called MMM an equity to "buy and hold forever." He may have a point. Despite the company's results, it's still faring much better than GE (NYSE:GE). Also, the company's 60-year streak of annual dividend increases should remain intact. Even though 3M's profits declined, the company can easily afford to maintain and increase its current annual dividend of $5.76 per share.The question is whether traders should buy MMM stock now or wait. Although 3M's profit will probably increase very little this year, analysts, on average, predicts its profits will rise 7% in 2020. Furthermore, even after Thursday's drop, the forward price-earnings ratio of MMM stock come in at about 16.8.That is well below the average of MMM stock over the last five years. It also makes MMM much cheaper than Danaher (NYSE:DHR), another industrial conglomerate. As a result, making an initial purchase of MMM stock might make sense at this point.However,MMM's P/E multiple also remains higher than the low and mid-teen P/E ratios at which 3M stock traded immediately following the financial crisis. It might be a good idea to wait for the stock to reach such valuations again before buying a large amount of MMM. Still, the world has and will continue to benefit from 3M's innovations. Consequently, MMM stock should be bought on the post-earnings pullback. Final Thoughts on MMM StockAlthough the multiples of MMM stock have been lower in the past, it now trades at levels that will benefit new, long-term investors.However, MMM stock has recovered from more significant downturns. It will more than likely recover from this one too. Investors should also not forget that, despite the fluctuations of MMM stock, the company has increased its annual dividend for 60 straight years.With the demand for 3M's products poised to continue to grow over the long-term, the question is not whether to buy MMM stock, but when to buy MMM.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 5 Hot Dividend Stocks to Buy as the Weather Heats Up * 7 Dividend Stocks That Could Double Over the Next Five Years * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Cloud Stocks to Buy Now Compare Brokers The post 3M Stock Is Still Attractive After Earnings Miss appeared first on InvestorPlace.
Double-digit dividend growers are among our most-important themes for 2019, and stretches across industries, explains John Eade, an analyst with Argus Research, a leading independent Wall Street research firm.
Danaher's management continues to transform the conglomerate, and the GE Biopharma deal looks like an even better value after a recent disclosure.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E ratio analysis to Danaher Corporation's (NYSE:DHR), to help you decide if the stock is worth further research...
The global science and technology company beat expectations in Q1. However, a pending acquisition caused Danaher to cut its full-year outlook.
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biopharma healthcare business offset revenue. On an adjusted basis, the company earned $1.07 a share, above the 99 cents posted a year ago and the $1.02 a share forecast by analyst surveyed by FactSet. Revenue increased to $4.9 billion from $4.7 billion in the same period in 2018, with non-GAAP core revenue growth of 5.5%.
Solid long-cycle businesses in U.S. defense, commercial aerospace, and warehouse and process automation drive Honeywell's (HON) Q1.
Danaher's (DHR) first-quarter 2019 results gain from sales growth and DBS initiatives. It lowers projection for 2019 to include the dilutive impact of the BioPharma buyout.