Is GE a good company to invest in?

Bottom line: GE stock is not a buy. Over the long term, buying an index fund, such as SPDR S&P 500 (SPY), would have delivered safer, higher returns than GE stock. If you want to invest in a large-cap stock, IBD offers several strong ideas here.

Is GE worth investing in?

General Electric (NYSE:GE) has been slowly winning over investors and analysts in 2021. Indeed, Citibank’s Andrew Kaplowitz and UBS’ Markus Mittermaier have slapped a buy rating and a $17 target on the stock. Moreover, given management’s recent commentary and guidance, there’s a good case that GE is undervalued.

Is GE a buy hold or sell?

General Electric has received a consensus rating of Buy. The company’s average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

Is GE stock expected to rise?

General Electric Co (NYSE:GE)

The 14 analysts offering 12-month price forecasts for General Electric Co have a median target of 128.00, with a high estimate of 168.00 and a low estimate of 80.00. The median estimate represents a +23.78% increase from the last price of 103.41.

Will GE stock recover?

What’s more, the company expects commercial air travel will fully recover to pre-pandemic levels by 2023 or 2024. … GE stock is trading for about 16 times his estimated 2024 cash flow.

Does Warren Buffett own GE stock?

Fortunately for Buffett, he did not buy common shares of GE stock. Instead, he bought preferred shares, which paid an annual dividend yield of 10%. Those shares were also convertible, meaning Buffett could choose to convert them to common shares.

IT IS INTERESTING:  How often are Exxon dividends paid?

Why is GE stock so low?

So, why is GE stock so low? To address at least the COVID part, GE has exposure in aviation, healthcare, oil, venture capital, and other hard-hit industries. The year 2020 was hard for everyone, and even analysts from founder Morgan’s namesake bank say it’s a risky investment for 2021.

Does GE pay dividends?

GE pays a dividend of $0.04 per share. GE’s annual dividend yield is 0.04%. General Electric’s dividend is lower than the US Specialty Industrial Machinery industry average of 1.42%, and it is lower than the US market average of 3.34%.