#5 - General Electric (NYSE:GE)
General Electric (NYSE: GE) - To be completely transparent, GE’s stock just recently went above $10 and was trading over $11 as of February 25, 2019. Analysts started to pay attention to the battered GE stock when they hired Larry Culp as their Chief Executive Officer. The stock has been up for the year and popped 12% after the announcement of the $21.4 billion sale of its biopharma unit to Danaher. The sale, which is expected to be completed by the fourth quarter, allowed the company to call off its scheduled healthcare IPO. According to Culp, the company will use the proceeds from this sale to pay down debt and strengthen their balance sheet. The sale is one of the latest efforts to provide strength and focus to GE’s business model. In November of 2018, the company announced expedited plans to sell their $4 billion stake in oil-field service provider Baker Hughes. The larger question in investor’s mind is what, aside from selling off assets, the industrial giant has planned to stem the fall of their stock which had dropped 70% since the middle of 2016. In the fall of 2018, the company reduced their dividend to $0.01 per share. In their fourth-quarter earnings report, GE posted mixed results. They posted a slight gain in their top line that was evened out by a miss on their bottom line. The stock was up almost 40% YTD as of February 25, 2019.
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)
