GE Aerospace (NYSE:GE) Trading 1% Higher – What’s Next?

Shares of GE Aerospace (NYSE:GE) traded up 1% during trading on Wednesday . The stock traded as high as $320.48 and last traded at $317.7270. 4,764,035 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 5,864,046 shares. The stock had previously closed at $314.49.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $355.00 price objective on shares of GE Aerospace in a research report on Wednesday, May 20th. UBS Group cut their target price on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners started coverage on shares of GE Aerospace in a research report on Tuesday. They issued a “buy” rating and a $375.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $348.22.

GE Aerospace Trading Up 1.0%

The firm’s 50-day moving average price is $294.57 and its 200-day moving average price is $305.38. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The company has a market cap of $331.50 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36.

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

Institutional Trading of GE Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the company. REAP Financial Group LLC bought a new stake in GE Aerospace during the 3rd quarter worth approximately $25,000. Blueline Advisors LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $31,000. Abich Financial Wealth Management LLC purchased a new position in GE Aerospace in the 3rd quarter worth approximately $32,000. Finally, Tucker Asset Management LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $32,000. 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.