GE Aerospace (NYSE:GE) Trading 1.5% Higher – Here’s Why

GE Aerospace (NYSE:GEGet Free Report)’s stock price traded up 1.5% during trading on Monday . The stock traded as high as $287.24 and last traded at $285.8130. 4,651,136 shares changed hands during trading, a decline of 21% from the average session volume of 5,922,795 shares. The stock had previously closed at $281.53.

GE Aerospace News Summary

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

Analyst Upgrades and Downgrades

GE has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Citigroup cut their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. President Capital cut their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Sanford C. Bernstein lifted their price target on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Finally, BNP Paribas Exane cut their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

Read Our Latest Stock Report on GE

GE Aerospace Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The stock has a market capitalization of $313.11 billion, a PE ratio of 36.96, a P/E/G ratio of 2.66 and a beta of 1.36. The stock has a 50 day moving average of $295.74 and a two-hundred day moving average of $305.50.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Research analysts expect that GE Aerospace will post 7.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GE. REAP Financial Group LLC purchased a new stake in shares of GE Aerospace in the third quarter valued at $25,000. Blueline Advisors LLC purchased a new stake in GE Aerospace during the 4th quarter worth about $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace during the 4th quarter worth about $31,000. Abich Financial Wealth Management LLC purchased a new stake in GE Aerospace during the 3rd quarter worth about $32,000. Finally, Tucker Asset Management LLC purchased a new stake in GE Aerospace during the 4th quarter worth about $32,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Company Profile

(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.

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