Citigroup Issues Pessimistic Forecast for GE Aerospace (NYSE:GE) Stock Price

GE Aerospace (NYSE:GE) had its price target reduced by investment analysts at Citigroup from $386.00 to $378.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 15.33% from the stock’s current price.

A number of other research firms have also commented on GE. Jefferies Financial Group upped their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Wolfe Research increased their target price on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Susquehanna initiated coverage on GE Aerospace in a report on Thursday, December 4th. They set a “positive” rating and a $350.00 price target on the stock. Finally, UBS Group set a $366.00 price objective on GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $309.44.

GE Aerospace Price Performance

GE stock traded up $3.58 during trading hours on Tuesday, hitting $327.75. 1,041,149 shares of the stock traded hands, compared to its average volume of 4,166,374. GE Aerospace has a one year low of $159.36 and a one year high of $332.79. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The company has a market cap of $345.71 billion, a P/E ratio of 43.75, a P/E/G ratio of 2.20 and a beta of 1.40. The stock has a 50-day simple moving average of $303.59 and a 200 day simple moving average of $288.60.

GE Aerospace (NYSE:GE) last announced 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 company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Activity at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On GE Aerospace

Several large investors have recently made changes to their positions in the company. Bare Financial Services Inc boosted its holdings in shares of GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares in the last quarter. REAP Financial Group LLC acquired a new stake in GE Aerospace in the 3rd quarter valued at about $25,000. Marquette Asset Management LLC bought a new position in shares of GE Aerospace in the third quarter worth about $26,000. Lavaca Capital LLC raised its stake in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of GE Aerospace by 147.2% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Company Profile

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.