Brokerages Set GE Aerospace (NYSE:GE) PT at $240.33

GE Aerospace (NYSE:GE) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $232.92.

Several research analysts have weighed in on the company. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Citigroup reiterated a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd.

Institutional Trading of GE Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of GE. New Age Alpha Advisors LLC lifted its position in shares of GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the fourth quarter worth $28,000. Putney Financial Group LLC bought a new stake in shares of GE Aerospace during the fourth quarter worth $28,000. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace during the first quarter worth $28,000. Finally, Copia Wealth Management lifted its position in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 0.4%

GE stock opened at $270.58 on Tuesday. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $273.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market capitalization of $286.93 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 3.11 and a beta of 1.37. The business has a 50 day simple moving average of $249.09 and a two-hundred day simple moving average of $216.28.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. Research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.53%. GE Aerospace’s dividend payout ratio is presently 20.08%.

GE Aerospace Company Profile

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.