General Electric Company : A trend reversal is in sight
03/14/2019 | 11:03am EDT
Entry price :
10.365$ | Target : 13.4$ | Stop-loss : 8.9$ | Potential : 29.28%
The technical chart pattern of General Electric Company stock suggests the beginning of a trend reversal over the medium term. Investors have an opportunity to buy the stock and target the $ 13.4.
Chart GENERAL ELECTRIC COMPANY
In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned. For a short-term investment strategy, the company has poor fundamentals.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Stock prices approach a strong long-term resistance in weekly data at USD 10.38. As estimated by analysts, this group is among those businesses with the lowest growth prospects. The company has insufficient levels of profitability. Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity. The company's earnings releases usually do not meet expectations. With an expected P/E ratio at 29.23 and 19.24 respectively for both the current and next fiscal years, the company operates with high earnings multiples. For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts. For the past seven days, analysts have been lowering their EPS expectations for the company. For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years. For the past year, analysts have significantly revised downwards their profit estimates. Below the resistance at 10.38 USD, the stock shows a negative configuration when looking looking at the weekly chart.
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10 286 M
Net income 2019
2 697 M
40 249 M
P/E ratio 2019
P/E ratio 2020
EV / Sales 2019
EV / Sales 2020
86 922 M
Upcoming event on GENERAL ELECTRIC COMPANY
Number of Analysts
Average target price
Spread / Average Target