GE Aerospace (NYSE:GE) Price Target Raised to $350.00

GE Aerospace (NYSE:GEGet Free Report) had its target price boosted by equities researchers at TD Cowen from $330.00 to $350.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 9.46% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Bank of America lifted their target price on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. UBS Group reissued a “buy” rating and set a $368.00 target price (up from $366.00) on shares of GE Aerospace in a research note on Thursday. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. Finally, BNP Paribas Exane started coverage on shares of GE Aerospace in a research report on Tuesday, November 18th. They issued an “underperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.00.

Get Our Latest Report on GE

GE Aerospace Trading Up 0.3%

NYSE GE traded up $0.87 on Wednesday, hitting $319.75. 3,968,119 shares of the stock were exchanged, compared to its average volume of 4,299,730. 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 has a 52-week low of $159.36 and a 52-week high of $332.79. The firm has a market capitalization of $337.28 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.24 and a beta of 1.40. The stock has a fifty day moving average price of $304.33 and a two-hundred day moving average price of $289.32.

GE Aerospace (NYSE:GEGet Free Report) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on 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 owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On GE Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bare Financial Services Inc raised its holdings in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after buying an additional 43 shares during the last quarter. REAP Financial Group LLC purchased a new position in GE Aerospace in the 3rd quarter worth $25,000. Marquette Asset Management LLC acquired a new stake in GE Aerospace during the 3rd quarter worth about $26,000. Lavaca Capital LLC lifted its position in GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in GE Aerospace by 147.2% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace News Roundup

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

About GE Aerospace

(Get Free Report)

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.

Further Reading

Analyst Recommendations for GE Aerospace (NYSE:GE)

Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.