General Electric (NYSE:GE) recently reported second quarter results after which the stock dipped. The company didn’t meet expectations amid a weakness and oil and gas business. However, analysts think that the stock is a good buy because the company will recover after the arrival of the new CEO in August, as he will announce new, drastic measures to reform the company.
General Electric is also good dividend stock. The company’s cash flow remain strong and expected to rise in 2018. General Electric is well on track to cut $1 billion in costs by the end of 2017. Since the start of 2017, the company was able to slash over $650 million in costs. Therefore, General Electric currently presents a good buying opportunity.
Over the current book year the total revenue will be 125,46 billion Dollar (consensus estimates). This is slightly more than 2016's revenue of 123,69 billion Dollar.
The analysts expect for 2017 a net profit of 13,28 billion Dollar. For this year the consensus of General Electric 's result per share is a profit of 1,57 Dollar. Based on this the price/earnings-ratio is 16,43.
Thursday the stock closed at 25,79 Dollar.
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