The stock is widely followed on Wall Street where 13 brokerage firms assigned 16 analysts to follow the stock
Analysts project revenue will rise 1.80% this year and another 4.70% next year
Earnings are estimated to increase by 12.40% this year, an additional 12.30% next year and continue to increase by an annual rate of 12.63% for the next 5 years
Analysts think the stock should give investors an total annual rate of return of 16% to 22% over the next five years
These projections resulted in analysts publishing four strong buy, 10 buy, two hold and no underperform or sell recommendations
The company has a B++ financial strength rating
The P/E is 14.39 which is slightly lower than the market's P/E of 14.60
The dividend rate of 3.45% is about 45% of earnings and higher than the market's dividend rate of 2.40%
The company has a plan to divest or lessen its financial divisions and get back to industrial endeavors especially in the areas of energy production
As mentioned before this is a widely followed stock on Wall Street and a long-term conservative core holding in most of the firms model portfolios
Goldman Sachs, Oppenheimer and Barclays Capital Management all have positive reports released
Although Jim Cramer is not high on the stock, Chris Davis and Tobin Smith made positive comments
The readers of TheStreet give the stock a B rating
I always give the market the final vote and during the past year while GE is up about 6%,
(SI) is down 35%,
(UTX - Get Report) is down 15% and
(MMM - Get Report) is down about 4%:
TheStreet rating of C+
Revenue projected to decrease by 7.70% this year but increase by 4.20% next year
Earnings estimated to decrease by 28.40% this year and increase by 11.80% next year
Analysts projected annual total return 23% to 27%
TheStreet rating A-
Revenue projected to increase by 5.40% this year and 15.00% next year
Earnings estimated to increase by 3.00% this year and 21.22% next year
Analysts projected annual total return 14% to 18%
TheStreet rating A-
Revenue projected to increase by 5.90% this year and 6.37% next year
Earnings estimated to increase by 6.40% this year and 9.10% next year
Analysts projected total annual rate of return 14% to 18%
: Personally I like to see a 10-10-10 projection: increase of 10% in sales, earning and total return.
General Electric is such a large conglomerate that it's very difficult for revenue to increase by much better than the expansion of the worldwide economy.
If you are a conservative investor who wants a large diversified company with better than average costs control you might want to consider GE. Please watch the moving averages and turtle channel to look for entry and exit points:
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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