BNP Paribas Exane Begins Coverage on GE Aerospace (NYSE:GE)

Investment analysts at BNP Paribas Exane started coverage on shares of GE Aerospace (NYSE:GE) in a research note issued on Tuesday. The firm set an “underperform” rating on the stock.

A number of other brokerages also recently commented on GE. Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Wolfe Research increased their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Finally, Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Down 1.3%

Shares of NYSE:GE traded down $3.81 during trading hours on Tuesday, hitting $296.32. The company’s stock had a trading volume of 895,400 shares, compared to its average volume of 5,412,432. The company has a market capitalization of $312.57 billion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 3.09 and a beta of 1.56. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The firm’s fifty day moving average price is $300.40 and its 200 day moving average price is $269.55.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GE. Hancock Whitney Corp increased its holdings in shares of GE Aerospace by 260.7% during the 3rd quarter. Hancock Whitney Corp now owns 64,188 shares of the company’s stock valued at $19,309,000 after purchasing an additional 46,395 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its stake in GE Aerospace by 18.9% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 6,834 shares of the company’s stock valued at $2,056,000 after buying an additional 1,086 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in GE Aerospace by 9.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 37,203 shares of the company’s stock worth $11,191,000 after purchasing an additional 3,150 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of GE Aerospace by 34.1% during the 3rd quarter. NewEdge Advisors LLC now owns 138,223 shares of the company’s stock worth $41,580,000 after purchasing an additional 35,153 shares during the last quarter. Finally, Castleark Management LLC grew its holdings in shares of GE Aerospace by 84.2% in the third quarter. Castleark Management LLC now owns 52,740 shares of the company’s stock valued at $15,865,000 after purchasing an additional 24,110 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.