Royal Bank Of Canada Reiterates Outperform Rating for GE Aerospace (NYSE:GE)

GE Aerospace (NYSE:GEGet Free Report)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a note issued to investors on Wednesday,Benzinga reports. They currently have a $355.00 price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 29.30% from the stock’s previous close.

Several other equities analysts have also issued reports on GE. Sanford C. Bernstein lifted their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of GE Aerospace from $325.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, January 26th. TD Cowen cut their price objective on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Citigroup cut their price objective on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Morgan Stanley cut their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $349.83.

Check Out Our Latest Report on GE Aerospace

GE Aerospace Trading Down 4.2%

Shares of NYSE:GE traded down $12.17 during trading on Wednesday, reaching $274.56. 3,117,751 shares of the company were exchanged, compared to its average volume of 5,714,627. The firm has a market capitalization of $287.96 billion, a PE ratio of 33.62, a P/E/G ratio of 2.83 and a beta of 1.43. The business’s fifty day simple moving average is $310.78 and its 200-day simple moving average is $307.09. GE Aerospace has a 12-month low of $192.57 and a 12-month high of $348.48. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.74.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 18.98% and a return on equity of 35.52%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts anticipate that GE Aerospace will post 7.43 EPS for the current year.

Insiders Place Their Bets

In other GE Aerospace news, SVP Amy L. Gowder sold 4,000 shares of GE Aerospace stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $305.73, for a total value of $1,222,920.00. Following the transaction, the senior vice president directly owned 16,535 shares of the company’s stock, valued at approximately $5,055,245.55. The trade was a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert M. Giglietti sold 3,035 shares of GE Aerospace stock in a transaction on Friday, January 30th. The stock was sold at an average price of $305.51, for a total transaction of $927,222.85. Following the completion of the transaction, the vice president directly owned 10,583 shares in the company, valued at $3,233,212.33. This represents a 22.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 37,398 shares of company stock valued at $11,455,491. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GE Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in GE. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace during the third quarter worth $25,000. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth $25,000. Marquette Asset Management LLC acquired a new stake in shares of GE Aerospace during the third quarter worth $26,000. Barnes Dennig Private Wealth Management LLC lifted its stake 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 buying an additional 53 shares during the period. Finally, Roble Belko & Company Inc lifted its stake in shares of GE Aerospace by 98.1% during the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Key GE Aerospace News

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About GE Aerospace

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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)

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