Is GE a good stock to buy 2021?
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.
What is the forecast for GE stock?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for General Electric Co have a median target of 15.00, with a high estimate of 21.00 and a low estimate of 5.00. The median estimate represents a +25.10% increase from the last price of 11.99.
Will GE rise again?
The stock price of General Electric (NYSE: GE) has seen a 7% rise over the last five trading days, and we believe the stock will likely continue to rally in the near term. The 7% rise can primarily be attributed to the announcement of Airbus accelerating the production of A220 and A350 aircraft in 2022.
What type of stock is GE?
Key Data
| Label | Value |
|---|---|
| Exchange | NYSE |
| Sector | Consumer Durables |
| Industry | Metal Fabrications |
| 1 Year Target | $15.00 |
Why has General Electric stock declined?
The company’s stock fell 42% during the year, and after Welch’s departure, it became clear that GE was overstretched and bloated. The GE Capital financial segment nearly toppled the company during the Great Recession because it did not have a competitive advantage over other financial services companies.
How often does General Electric pay dividends?
4 dividends per year
What stocks pay the highest dividend?
Best Dividend Stocks To Watch Right Now
- SoFi Weekly Income ETF (NYSEARCA: TGIF)
- Realty Income (NYSE: O)
- AbbVie Inc. ( NYSE: ABBV)
- Chevron Corporation (NYSE: CVX)
- AGNC Investment Corp (NASDAQ: AGNC)
Does General Electric pay a dividend?
GE pays a dividend of $0.04 per share. GE’s annual dividend yield is 0.33%. General Electric’s dividend is lower than the US Specialty Industrial Machinery industry average of 1.47%, and it is lower than the US market average of 3.36%.