Quick Update for General Electric Company (GE) Investors

More and more people are talking about General Electric Company over the last few weeks. Is it worth buying the Consumer Electronics stock at a price of $119.48? Only time will tell. The information below will give you a basic idea of what this investment may entail:

  • General Electric Company has moved 83.0% over the last year, and the S&P 500 logged a change of 17.0%

  • GE has an average analyst rating of buy and is -6.44% away from its mean target price of $127.7 per share

  • Its trailing earnings per share (EPS) is $9.61

  • General Electric Company has a trailing 12 month Price to Earnings (P/E) ratio of 12.4 while the S&P 500 average is 15.97

  • Its forward earnings per share (EPS) is $4.62 and its forward P/E ratio is 25.9

  • The company has a Price to Book (P/B) ratio of 4.54 in contrast to the S&P 500's average ratio of 2.95

  • General Electric Company is part of the Technology sector, which has an average P/E ratio of 35.0 and an average P/B of 7.92

  • GE has reported YOY quarterly earnings growth of 193.9% and gross profit margins of 0.3%

  • The company has a free cash flow of $7.32 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter

  • General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The company also provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. In addition, it designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. Further, the company engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.