General Electric Is Worth $20 [Seeking Alpha]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations:
ge.com/investor-relations/overview
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Source: Seeking Alpha
Summary Since bottoming in April, General Electric ( GE ) rose 20 percent and continued that uptrend when it announced it will merge GE Transportation with Wabtec ( WAB ). The deal gives GE a $2.9 billion cash infusion and voting majority ownership in the combined company. Even though asset sales are a natural progression in restructuring the firm, this particular deal is better than that for the beaten down conglomerate. GE’s debt/equity of around 2.2 times is not terribly concerning, so the $2.9 billion cash from the deal and controlling interest, through a 50.1 percent ownership interest, will not excite investors that much. That translates to 40.2 percent ownership in the spinoff and 9.9 percent retained by GE. Source: Wabtec Corporation But its unit merger is a positive development because it allows GE management to focus on its core competencies. As previously posted, the medical and aviation units have the highest potential for leadi
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News
- Cargill leans on regenerative agriculture and generative AI to feed the planet [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Argus from $170.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- General Electric (NYSE: GE) had its price target raised by analysts at Bank of America Co. from $165.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- Rising Demand Likely to Aid GE HealthCare's (GEHC) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Royal Bank of Canada from $165.00 to $175.00. They now have an "outperform" rating on the stock.MarketBeat
GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website