Citigroup Cuts GE Aerospace (NYSE:GE) Price Target to $378.00

GE Aerospace (NYSE:GE) had its target price trimmed by Citigroup from $386.00 to $378.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

GE has been the subject of a number of other reports. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. The Goldman Sachs Group lifted their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Royal Bank Of Canada boosted their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Finally, BNP Paribas Exane started coverage on GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating for the company. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $314.00.

GE Aerospace Stock Performance

GE Aerospace stock opened at $319.75 on Tuesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $332.79. The company has a market capitalization of $337.28 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.18 and a beta of 1.40. The stock has a fifty day moving average of $304.62 and a two-hundred day moving average of $289.53. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GE. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of GE Aerospace by 3.2% during the second quarter. Parallel Advisors LLC now owns 17,229 shares of the company’s stock valued at $4,435,000 after purchasing an additional 537 shares during the period. NBC Securities Inc. raised its stake in shares of GE Aerospace by 11.4% during the second quarter. NBC Securities Inc. now owns 4,281 shares of the company’s stock valued at $1,102,000 after purchasing an additional 439 shares during the period. Finally, RMR Wealth Builders lifted its position in shares of GE Aerospace by 27.9% during the second quarter. RMR Wealth Builders now owns 1,592 shares of the company’s stock worth $410,000 after purchasing an additional 347 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

More GE Aerospace News

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: Wolfe Research raised its price target on GE Aerospace to $360 and kept an “outperform” rating, signaling analyst confidence and providing near-term upside support. Wolfe Research adjusts GE Aerospace price target to 360 from 340; maintains outperform rating (MarketScreener)
• Positive Sentiment: TD Cowen also raised its target to $350 and kept a “buy” rating, reinforcing upward analyst momentum that likely contributed to the stock move. TD Cowen adjusts price target on GE Aerospace to $350 from $330; maintains buy rating (MarketScreener)
• Positive Sentiment: GE promoted Mohamed Ali to head an expanded Commercial Engines & Services unit, signaling organizational focus on commercial engine growth and potentially improving execution. GE Aerospace expands commercial engines division, appoints Mohamed Ali as chief (FlightGlobal)
• Positive Sentiment: GE and Lockheed completed tests of a rotating-detonation ramjet for hypersonic weapons — a technology milestone that supports GE’s defense pipeline and could lead to future contracts. GE and Lockheed test new rotating detonation ramjet for hypersonic weapons (FlightGlobal)
• Neutral Sentiment: GE is scheduled to report earnings this week, which is a near-term catalyst; results and guidance will be closely watched. GE Aerospace (GE) Expected to Announce Earnings on Thursday (AmericanBankingNews)
• Neutral Sentiment: Various bullish commentaries and write-ups (e.g., a bull-case article) are circulating and may support investor sentiment, but they are opinion pieces rather than new company developments. GE Aerospace (GE): A Bull Case Theory (InsiderMonkey)
• Negative Sentiment: Citigroup published a note lowering its price target to $378 (despite still being above the current price), which signals differing analyst views and could cap upside. Citigroup Lowers GE Aerospace (NYSE:GE) Price Target to $378.00 (AmericanBankingNews)
• Negative Sentiment: A Zacks preview warned GE may lack the right setup for an earnings beat, highlighting execution/expectation risk ahead of results. GE Aerospace (GE) Earnings Expected to Grow: Should You Buy? (Zacks)

About GE Aerospace

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.