General Electric: Buy the Dip?
Shares of industrial giant General Electric Company (NYSE: GE) are down around 25% so far in 2017. Meanwhile, peers like Honeywell International Inc. (NYSE: HON) and United Technologies Corporation (NYSE: UTX) are up 24% and 8%, respectively. Investors are clearly worried about GE's business today. That concern, however, has pushed the yield up to around 4%, an enticing level for income-oriented investors. Should you buy the dip?
General Electric has had a tough go of things for a decade or so. To sum it up, GE allowed its finance arm to become too large and, more importantly, move too far away from the industrial company's core business. Indeed, as the financially led recession unfolded, GE was the largest nonbank financial company in the United States.
Image source: Getty Images.
Source: Fool.com
General Electric Co. Stock
The stock is an absolute favorite of our community with 35 Buy predictions and no Sell predictions.
As a result the target price of 162 € shows a slightly positive potential of 9.46% compared to the current price of 148.0 € for General Electric Co..
