#4 - General Electric (NYSE:GE)
General Electric (NYSE: GE) - General Electric remains a stock that should have a sticker “let the buyer beware”. There are glimmers of hope. They have a new CEO (but that after their last CEO served a term of less than one year). They have an attractive P/E ratio of around 10. They continue to shed business units that do not contribute to their focus on a core industrial manufacturing base. And some analysts are pointing towards positive earnings estimates. But GE has not been able to get out of its own way, and that is making it difficult, if not impossible, for investors to take any talk of a turnaround seriously. One of the latest disappointments was a cut in their quarterly dividend to one cent per share. That is never news that inspires confidence, and it comes on the heels of a disappointing earnings report. Forecasted 2018 earnings of 95 cents per share have now been downgraded to 70 cents per share. Key metrics like revenue, net income and earnings per share (EPS) are all negative on a year-over-year basis. The stock itself is trading at around $7.40 per share. GE stock may be a buy, but it has to overcome a lot of “ifs” right now.
About General Electric
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.
Read More - Current Price
- $168.37
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $201.93 (19.9% Upside)
