GE - General Electric Company

NYSE - NYSE Delayed Price. Currency in USD
6.76
+0.19 (+2.89%)
At close: 4:00PM EDT

6.74 -0.02 (-0.30%)
After hours: 6:41PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close6.57
Open6.58
Bid6.76 x 36200
Ask6.75 x 39400
Day's Range6.49 - 6.82
52 Week Range5.48 - 13.26
Volume71,291,145
Avg. Volume120,672,812
Market Cap59.13B
Beta (5Y Monthly)0.96
PE Ratio (TTM)N/A
EPS (TTM)-0.32
Earnings DateJul 29, 2020
Forward Dividend & Yield0.04 (0.61%)
Ex-Dividend DateMar 06, 2020
1y Target Est8.86
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-35% Est. Return
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    You Know the GE Lightbulb. Here’s What to Know About the Company That Bought It.

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  • GE’s stock loses nearly 10% in 2 days after CEO Larry Culp warns cash burn will increase
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    GE’s stock loses nearly 10% in 2 days after CEO Larry Culp warns cash burn will increase

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    The Financial Times says that the U.K. tax authority is seeking $1 billion in a dispute over prior deductions taken by General Electric.

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  • Why General Electric Stock Just Dropped 5%
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    Why General Electric Stock Just Dropped 5%

    Shares of industrial giant General Electric (NYSE: GE) tumbled 5% in early trading Friday, and remain down 3.6% as of 10:40 a.m. EDT. What precisely is causing GE stock to fall, however, is a matter of opinion. When considering why a stock as gigantic as GE ($57 billion in market capitalization, $93.5 billion in annual sales) is going down, you have to expect that there will be a lot of factors at work.

  • Benzinga

    Price Over Earnings Overview: General Electric

    Right now, General Electric Inc. (NYSE:GE) share price is at $6.58, after a 2.95% drop. Over the past month, the stock went up by 1.15%, but over the past year, it actually decreased by 30.95%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.The stock is currently above from its 52 week low by 20.07%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with specialty industrial machinery stocks, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Depending on the particular phase of a business cycle, some industries will perform better than others.General Electric has a lower P/E than the aggregate P/E of 24.11 of the specialty industrial machinery industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Stocks That Hit 52-Week Lows On Wednesday * 12 Industrials Stocks Moving In Wednesday's Pre-Market Session * 14 Industrials Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • 2020 May Be Another Lost Year For General Electric, But BofA Is Still Bullish
    Benzinga

    2020 May Be Another Lost Year For General Electric, But BofA Is Still Bullish

    It's been another difficult year for General Electric Company (NYSE: GE) investors, with the stock down another 40.7% year to date to under $7.One Wall Street analyst said GE's 2020 sell-off is a buying opportunity for long-term investors, but they should keep their near-term free cash flow expectations in check.The GE AnalystBank of America analyst Andrew Obin reiterated his Buy rating and $11 price target for GE stock.The GE ThesisGE and its investors started off the year with relatively high hopes for FCF. At an investor conference this week, GE CEO Larry Culp suggested the economic downturn will likely make 2020 another negative FCF year for GE.GE is now projecting negative industrial FCF of between $3.5 billion and $4.5 billion in the second quarter alone.Looking ahead, Obin said he anticipates a slow pace of recovery for GE's aviation business. However, he projects a stronger rebound in GE's health care business given orders for products diagnosing and treating COVID-19 more than doubled in the second quarter. Meanwhile, supply chain issues impacting GE's power and renewables segment are improving, and the company is on track to ship at least 45 heavy-duty gas turbines in 2020.While the downturn has been a bump in the road for GE, Obin said he believes GE should be able to weather the storm."We see GE having the financial flexibility to weather near-term revenue declines and continue its turn-around progress," he wrote in a Friday note.Benzinga's TakeIt seems GE's financial situation is far better than it has been in recent years, and the company's balance sheet is stable and flexible enough to endure yet another difficult year. However, GE investors are likely growing tired of hearing about how a turnaround is just around the corner after years of underperformance and lackluster FCF and earnings numbers.Do you agree with this take? Email feedback@benzinga.com with your thoughts.Related Links:How Trading In Ford, GE And Other Volatile Stocks Could Be Linked To Casino Closures Revisiting Harry Markopolos' Call That 'GE Is One Recession Away From Chapter 11'Photo credit: Momoneymoproblemz, via Wikimedia CommonsLatest Ratings for GE DateFirmActionFromTo May 2020UBSMaintainsBuy Apr 2020Credit SuisseMaintainsNeutral Apr 2020UBSMaintainsBuy View More Analyst Ratings for GE View the Latest Analyst Ratings See more from Benzinga * Revisiting Harry Markopolos' Call That 'GE Is One Recession Away From Chapter 11'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • How This Week Highlights the Challenges Facing General Electric Stock
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    How This Week Highlights the Challenges Facing General Electric Stock

    I've been a skeptic toward General Electric (NYSE:GE) stock for some time now. Truthfully, I'm not too happy about it.Source: Sundry Photography / Shutterstock.com After all, General Electric once was one of America's greatest and most innovative companies. It provided thousands of employees with stable jobs and generous retirement plans. GE stock was a core holding of pension funds and individual investors.Sadly, that's no longer the case. General Electric offers many fewer jobs: its workforce shrunk 28% worldwide in 2019. And GE stock, almost incredibly, touched a 29-year low this month. Its dividend has been cut -- twice.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reality is sad. But it's still the reality. Investors need to react accordingly. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure While I still hold out hope for General Electric, I can't yet recommend that investors put their own hard-earned money behind the company's turnaround plans. Two pieces of news this week show why. GE Exits the Lighting BusinessOn Wednesday, General Electric announced that it had sold off its Lighting business. It is the end of era. After all, General Electric traces its history back to Thomas Edison and the light bulb he invented. That link has now been severed.Perhaps more importantly, as Bloomberg noted, GE is no longer a consumer company at all. Many of us remember the company's iconic "we bring good things to life" ad campaigns of the late 20th century. But GE Appliances now is owned by Germany's Haier (OTCMKTS:HRELF). The lighting business was sold to privately held Savant Systems.There's more than symbolism to the deal, however. According to the Wall Street Journal, GE Lighting sold for just $250 million. Over half of that was assumed liabilities. And it came after GE spent years trying to exit the business, during which time it sold off its Current LED business and some overseas operations as well.What the deal, and the process leading up to it, provides is another example that GE simply isn't what it used to be. Older investors, in particular, may have a sense of General Electric that simply isn't accurate anymore.As I've written before, General Electric's response to everything for years now has been to shrink. That process continues.GE stock did rally 8% on the news, but that gain seems driven more by bottom-fishing on a green day for the market than the transaction itself. $250 million simply isn't that material against a market capitalization still in the range of $60 billion. It's obviously not enough to offset the concerns that are keeping GE stock well into the single digits. Culp Speaks and GE Stock FallsTo be fair to GE, the decision to continually shrink the business isn't necessarily the wrong move. Chief executive officer Larry Culp is widely respected after his enormously successful tenure at Danaher (NYSE:DHR), and with good reason.But that's precisely the point. If GE could grow, Culp would be trying to drive growth. But with the company beset by a still-troublesome balance sheet and significant pension obligations, the focus has to be on getting the company back on solid footing first.The coronavirus has upended those plans. It has hammered GE's Aviation business, which counts Boeing (NYSE:BA) as a key customer.That in turn is testing investor patience. Culp said at a conference Thursday that GE would burn $4.5 billion in cash in the second quarter alone. GE stock fell 7% in response.The issue isn't just Aviation, but GE Capital. That unit finances aircraft, and as Culp put it "is seeing a good bit of pressure" from customer deferrals.The weakness from aircraft isn't ending in the second quarter. It's likely not ending in 2020, or even 2021. An investor need only look at the share prices of American Airlines (NASDAQ:AAL) or Delta Air Lines (NYSE:DAL) to see what the market is pricing into those stocks.There's simply not that much slack in GE's free cash flow profile right now to manage that kind of multi-year pressure. Even before the coronavirus hit, GE was guiding for industrial free cash flow (i.e., excluding GE Capital) of just $2 billion to $4 billion. If Aviation is down for the count, free cash flow stays flattish at best. And that leaves GE with little in the way of options. A Tough SpotThe problem for GE stock at this point is that the company has to fix its balance sheet through free cash flow. It's pulled all of the other levers.Again, it's sold businesses, including the $21 billion sale of GE Biopharma to Danaher that closed earlier this year. There's really nothing left. GE Power is in the midst of a turnaround, Aviation is in trouble, Renewable Energy is small (and providing some growth), and Healthcare is the profit center.Simply put, GE has to start making money. It's not doing so. And, again, I don't think that's necessarily the fault of Culp. It's largely the result of past decisions, among them the disastrous acquisition of Alstom that closed in 2015.Whatever the cause, GE simply isn't a leader anymore. It's not a giant. It's not an innovator. GE is not what it was. What the news from this week reinforces is that General Electric simply is a cash-burning company trying to turn itself around. 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  • General Electric Expects Negative Free Cash Flow in 2020
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    General Electric Expects Negative Free Cash Flow in 2020

    General Electric (NYSE: GE) forecasted negative free cash flow for the full year this week. The new CEO, Larry Culp, took over the company's sprawling asset portfolio 18 months ago, and still has work to do. Proceeds from that sale raised the company's liquidity position by over 20% during Culp's first year on the job, which should help offset this year's negative free cash flow.

  • GE CEO Sees Cash Burn of as Much as $4.5 Billion This Quarter
    Bloomberg

    GE CEO Sees Cash Burn of as Much as $4.5 Billion This Quarter

    (Bloomberg) -- General Electric Co. said its second-quarter cash burn will worsen to as much as $4.5 billion as the troubled manufacturer struggles to keep its turnaround efforts on pace amid disruptions from Covid-19.The company’s jet-engine business faces a “slow grind” as travel demand collapses, Chief Executive Officer Larry Culp said at a Bernstein conference Thursday. The company’s forecast that it will consume $3.5 billion to $4.5 billion of its cash reserves compares with the $2.98 billion average of analyst estimates compiled by Bloomberg.“Losing that much money adds meaningfully to GE’s elevated net leverage burden and comes at a time when other multi-industry companies are generating substantial amounts of free cash flow,” John Inch, an analyst at Gordon Haskett, said in a note to clients.The novel coronavirus pandemic is complicating Culp’s efforts to turn around GE after one of the deepest slumps in the company’s 118-year history. While the company’s medical-scanner business is showing signs of a rebound, the jet-engine division faces weaker demand and the power-equipment unit will take longer than expected to recover, Culp said.GE fell 3% to $7.07 at 12:56 p.m. in New York. Shares had declined 35% this year through Wednesday.Earlier this month, GE said it would cut about 13,000 jobs from the jet-engine operation, saying the “deep contraction of commercial aviation is unprecedented.” On Thursday, the company offered more detail on its plan to save more than $2 billion of cash in its aviation unit through measures including job cuts, furloughs and reductions in capital spending.However, the CEO also struck a resolute note. While Covid-19 has delayed GE’s plan for a return to growth, it hasn’t thrown it off course, Culp said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • MarketWatch

    GE's stock pulls back after CEO Culp presents at analyst conference

    Shares of General Electric Co. pulled back 2.9% in midday trading, after running up 13.7% over the past two sessions, as the industrial conglomerate provided an update on its business at analysts conference. The selloff reverses and earlier intraday gain of as much as 2.7% soon after the opening bell. Chief Executive Larry Culp said at the Bernstein Strategic Decisions Conference that second-quarter free cash flow (FCF) was expected to be negative $3.5 billion to $4.5 billion, according to report in The Wall Street Journal. That follows negative FCF of $2.2 billion in the first quarter. In the post-earnings conference call with analysts on April 29, Chief Financial Officer Carolina Dybeck Happe said looking forward, she expected "continued free cash flow pressure," according to a FactSet transcript. Culp also said Thursday at the Bernstein conference that business in its Aviation segment remained slow, and expects increased costs in the "hundreds of millions" in the second quarter as the value of long-term service contracts are reduced, as they are now expected to be less profitable, the WSJ report said. GE's stock has slumped 35.0% over the past three months, while the Dow Jones Industrial Average has gained 1.3%.