|Bid||105.39 x 800|
|Ask||105.45 x 1000|
|Day's Range||104.39 - 106.33|
|52 Week Range||48.40 - 115.36|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 26, 2021 - Nov. 01, 2021|
|Forward Dividend & Yield||0.32 (0.31%)|
|Ex-Dividend Date||Sep. 24, 2021|
|1y Target Est||122.09|
The fascinating thing about General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is that they have entirely different earnings drivers over the next decade. Former CEO Jeff Immelt has been widely criticized for making big bets on fossil fuel technologies. Unfortunately, the market for gas turbines halved in the years since the significant Alstom acquisition, as did the price of oil after Immelt made a slew of acquisitions.
Not too long ago, General Electric (NYSE: GE) had a penchant for making big acquisitions. This forced GE to change course and begin selling off pieces of the business in order to repair its balance sheet. On Thursday, the company announced its biggest acquisition in over four years, as its healthcare division plans to buy BK Medical from Altaris Capital Partners.
General Electric's (GE) acquisition of BK Medical will augment its ultrasound business and enable it to expand into diagnostics, surgical, and therapeutic interventions.