S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:GEHC

GE HealthCare Technologies (GEHC) Stock Price, News & Analysis

$90.91
+0.60 (+0.66%)
(As of 03/28/2024 ET)
Today's Range
$89.65
$91.15
50-Day Range
$71.55
$93.87
52-Week Range
$62.35
$94.50
Volume
2.11 million shs
Average Volume
3.62 million shs
Market Capitalization
$41.40 billion
P/E Ratio
30.10
Dividend Yield
0.13%
Price Target
$88.73

GE HealthCare Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
2.4% Downside
$88.73 Price Target
Short Interest
Healthy
2.92% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.01mentions of GE HealthCare Technologies in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.56%
From $4.30 to $4.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.95 out of 5 stars

Medical Sector

357th out of 938 stocks

X - Ray Apparatus & Tubes Industry

2nd out of 6 stocks

GEHC stock logo

About GE HealthCare Technologies Stock (NASDAQ:GEHC)

GE HealthCare Technologies Inc. is a leading player in the medical industry, specializing in developing and manufacturing advanced healthcare technologies. With a strong commitment to improving patient outcomes and advancing medical science, the company has established itself as a trusted provider of innovative solutions for healthcare professionals worldwide.

The mission of GE HealthCare Technologies Inc. is to revolutionize healthcare through cutting-edge technology and collaboration. By leveraging its expertise in medical imaging, diagnostics, and biopharmaceutical manufacturing, the company aims to enable healthcare providers to deliver more precise diagnoses, personalized treatment options, and better patient care.

Headquartered in Chicago, Illinois, GE HealthCare Technologies Inc. has a global presence, with operations spanning multiple countries. Its products and services cater to various medical specialties, including radiology, cardiology, oncology, neurology, and more. The company's comprehensive portfolio encompasses medical imaging systems, diagnostic tools, pharmaceutical manufacturing equipment, and digital health solutions.

GE HealthCare Technologies Inc. serves a diverse customer base, including hospitals, clinics, research institutions, and pharmaceutical companies. The company has established strategic partnerships with leading healthcare providers and organizations to drive collaborative innovation and address pressing healthcare challenges.

GE HealthCare Technologies Inc. is led by a dynamic management team with extensive experience in the healthcare industry. The company's Chief Executive Officer (CEO) is Peter Arduini, a seasoned executive known for his strategic vision and operational expertise. Under his leadership, GE HealthCare Technologies Inc. has consistently pursued innovation and growth opportunities.

Jan Makela serves as the CEO of Imaging, overseeing the company's imaging solutions portfolio. With a strong background in medical technology and a focus on customer-centric innovation, Makela has played a crucial role in developing cutting-edge imaging technologies.

GE HealthCare Technologies Inc. has demonstrated strong financial performance in recent years, with consistent revenue growth and solid profit margins. The company's annual sales reached an impressive $18.34 billion in 2022, reflecting its position as a key player in the medical technology industry.

GE HealthCare Technologies Inc. has maintained a healthy financial position, with a favorable price-to-earnings ratio, indicating investor confidence in the company's future earnings potential. The forward-looking price-to-earnings-growth ratio of 3 suggests that the company is well-positioned for sustainable long-term growth.

The company's profitability is further highlighted by its impressive price-to-sales ratio, which indicates that investors are willing to pay a premium for GE HealthCare Technologies Inc.'s products and services. The company's strong cash flow position demonstrates the company's ability to generate substantial cash and reinvest in research and development initiatives.

GE HealthCare Technologies Inc. operates within the broader medical technology industry, encompassing various sub-sectors such as medical imaging, diagnostics, and biopharmaceutical manufacturing. This industry is characterized by rapid technological advancements, increasing demand for innovative solutions, and a growing emphasis on personalized patient care.

Competitors in the medical technology sector include established companies such as Siemens Healthineers, Philips Healthcare, Medtronic, and smaller niche players. GE Healthcare Technologies Inc. distinguishes itself through its diverse product portfolio, global presence, and commitment to continuous innovation.

The company's competitive advantage lies in its strong research and development capabilities, technological expertise, and strategic partnerships. These factors enable GE HealthCare Technologies Inc. to introduce cutting-edge solutions, improve patient outcomes and maintain a strong market position.

GE HealthCare Technologies Inc. is well-positioned to seize growth opportunities in the medical technology industry. The company can capitalize on several factors, including advancements in artificial intelligence and machine learning, increased demand for digital health solutions, and the rising prevalence of chronic diseases.

By leveraging its technological expertise, GE HealthCare can continue to develop innovative products and services that address these industry trends. Additionally, expanding into emerging markets, forging strategic partnerships, and pursuing acquisitions can provide avenues for further growth and market expansion.

While GE HealthCare Technologies Inc. has demonstrated resilience and growth potential, it faces risks and challenges inherent to the medical technology industry. Regulatory changes, evolving reimbursement models, and intense competition can impact the company's operations and profitability.

To mitigate these risks, GE HealthCare Technologies Inc. employs robust risk management strategies, including continuous monitoring of regulatory developments, diversification of product offerings, and proactive engagement with healthcare stakeholders. The company's strong research and development capabilities and focus on innovation allow it to adapt to evolving market dynamics and stay ahead of the competition.

GEHC Stock Price History

GEHC Stock News Headlines

Nvidia's AI Tech Part of Novo Nordisk's New Supercomputer (GEHC)
Novo Nordisk and Nvidia have teamed up to develop supercomputers, aiming to accelerate drug discovery development using advanced AI technologies.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
GEHC Mar 2024 81.000 call
GEHC Mar 2024 85.000 put
GE HealthCare Establishes the GE HealthCare Foundation
See More Headlines
Receive GEHC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for GE HealthCare Technologies and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/15 Dividend
1/12/2024
Last Earnings
2/06/2024
Dividend Payable
2/15/2024
Today
3/28/2024
Ex-Dividend for 5/15 Dividend
4/18/2024
Next Earnings (Estimated)
4/23/2024
Dividend Payable
5/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
X - ray apparatus & tubes
Sub-Industry
N/A
Current Symbol
NASDAQ:GEHC
Fax
N/A
Employees
51,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$88.73
High Stock Price Target
$100.00
Low Stock Price Target
$80.00
Potential Upside/Downside
-2.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.57 billion
Pretax Margin
12.07%

Debt

Sales & Book Value

Annual Sales
$19.55 billion
Cash Flow
$5.40 per share
Book Value
$15.69 per share

Miscellaneous

Free Float
454,401,000
Market Cap
$41.42 billion
Optionable
Optionable
Beta
0.97
Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

Key Executives

  • Mr. Peter J. Arduini (Age 59)
    President, CEO & Director
    Comp: $2.26M
  • Mr. Frank R. Jimenez Esq. (Age 59)
    General Counsel & Corporate Secretary
    Comp: $1.85M
  • Ms. Betty D. Larson (Age 48)
    Chief People Officer
    Comp: $1.78M
  • Mr. Jan Makela (Age 55)
    Chief Executive Officer of Imaging
    Comp: $955.06k
  • Mr. James K. Saccaro (Age 51)
    VP & CFO
  • Mr. George Andrew Newcomb (Age 57)
    Controller & Chief Accounting Officer
  • Dr. Taha Kass-Hout M.D. (Age 51)
    M.S., Chief Science & Technology Officer
  • Mr. Thomas J. Westrick (Age 55)
    Chief Executive Officer of Patient Care Solutions
  • Mr. Kevin M. O'Neill (Age 55)
    Chief Executive Officer of Pharmaceutical Diagnostics
  • Mr. Roland Rott (Age 52)
    CEO of Ultrasound

Should I Buy GE HealthCare Technologies Stock? GEHC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of GE HealthCare Technologies was last updated on Tuesday, March 26, 2024 at 10:44 PM.

Pros

Here are some ways that investors could benefit from investing in GE HealthCare Technologies Inc.:

  • GE HealthCare Technologies Inc. reported strong earnings results, beating analysts' consensus estimates, indicating a positive financial performance.
  • The company has a diverse portfolio of products and services in the healthcare industry, including imaging, ultrasound, patient care solutions, and pharmaceutical diagnostics, providing a wide range of revenue streams.
  • GE HealthCare Technologies Inc. has shown consistent revenue growth, with a 5.3% increase compared to the previous year, demonstrating a healthy business trajectory.
  • The stock price of GE HealthCare Technologies Inc. has been trading at a 12-month high, indicating positive investor sentiment and potential for further growth.
  • With a return on equity of 25.58%, GE HealthCare Technologies Inc. shows strong profitability and efficient use of shareholder equity.

Cons

Investors should be bearish about investing in GE HealthCare Technologies Inc. for these reasons:

  • GE HealthCare Technologies Inc. has a relatively high PE ratio of 31.08, which may indicate that the stock is currently overvalued compared to its earnings.
  • The company's P/E/G ratio of 3.26 suggests that the stock may be overpriced relative to its expected earnings growth rate, potentially limiting future returns for investors.
  • GE HealthCare Technologies Inc. has a debt-to-equity ratio of 1.18, indicating a significant level of debt that could pose risks in case of economic downturns or financial challenges.
  • While the company has shown revenue growth, the net margin of 8.02% may be considered relatively low in comparison to industry peers, potentially affecting overall profitability.
  • Investors should consider market volatility and the beta of 0.97 associated with GE HealthCare Technologies Inc., which may lead to fluctuations in the stock price and increased risk.

GEHC Stock Analysis - Frequently Asked Questions

Should I buy or sell GE HealthCare Technologies stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GE HealthCare Technologies in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GEHC shares.
View GEHC analyst ratings
or view top-rated stocks.

What is GE HealthCare Technologies' stock price target for 2024?

12 Wall Street analysts have issued twelve-month price objectives for GE HealthCare Technologies' shares. Their GEHC share price targets range from $80.00 to $100.00. On average, they predict the company's stock price to reach $88.73 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
View analysts price targets for GEHC
or view top-rated stocks among Wall Street analysts.

How have GEHC shares performed in 2024?

GE HealthCare Technologies' stock was trading at $77.32 at the beginning of 2024. Since then, GEHC stock has increased by 17.6% and is now trading at $90.91.
View the best growth stocks for 2024 here
.

Are investors shorting GE HealthCare Technologies?

GE HealthCare Technologies saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 12,290,000 shares, a drop of 7.0% from the February 29th total of 13,210,000 shares. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.9% of the company's shares are short sold.
View GE HealthCare Technologies' Short Interest
.

When is GE HealthCare Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our GEHC earnings forecast
.

How were GE HealthCare Technologies' earnings last quarter?

GE HealthCare Technologies Inc. (NASDAQ:GEHC) released its quarterly earnings data on Tuesday, February, 6th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.11. The firm earned $5.20 billion during the quarter, compared to analysts' expectations of $5.09 billion. GE HealthCare Technologies had a trailing twelve-month return on equity of 25.58% and a net margin of 8.02%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.31 earnings per share.

How often does GE HealthCare Technologies pay dividends? What is the dividend yield for GE HealthCare Technologies?

GE HealthCare Technologies declared a quarterly dividend on Friday, March 22nd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.03 per share on Wednesday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Thursday, April 18th.
Read our dividend analysis for GEHC
.

Is GE HealthCare Technologies a good dividend stock?

GE HealthCare Technologies (NASDAQ:GEHC) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.13%. The dividend payout ratio is 3.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GEHC will have a dividend payout ratio of 2.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GEHC.

What guidance has GE HealthCare Technologies issued on next quarter's earnings?

GE HealthCare Technologies updated its FY24 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of $4.20-$4.35 for the period, compared to the consensus estimate of $4.24.

Who are GE HealthCare Technologies' major shareholders?

GE HealthCare Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (11.28%), Vanguard Group Inc. (9.75%), Vanguard Group Inc. (9.75%), Dodge & Cox (3.73%), Price T Rowe Associates Inc. MD (2.66%) and Hotchkis & Wiley Capital Management LLC (1.21%). Insiders that own company stock include H Lawrence Culp Jr, Jan Makela, Kevin Michael O'neill and Roland Rott.
View institutional ownership trends
.

How do I buy shares of GE HealthCare Technologies?

Shares of GEHC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GEHC) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners