GE Aerospace (NYSE:GE) Stock Price Up 1.3% – Still a Buy?

GE Aerospace (NYSE:GEGet Free Report) shares were up 1.3% during mid-day trading on Thursday . The company traded as high as $379.67 and last traded at $370.74. Approximately 7,264,352 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 5,752,631 shares. The stock had previously closed at $365.88.

Key Headlines Impacting GE Aerospace

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

Analysts Set New Price Targets

Several analysts recently commented on GE shares. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Sanford C. Bernstein increased their price objective on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. UBS Group dropped their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. President Capital cut their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company assumed coverage on shares of GE Aerospace in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

Get Our Latest Stock Report on GE

GE Aerospace Stock Up 1.3%

The business’s 50 day moving average price is $312.60 and its 200-day moving average price is $311.00. 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 company has a market cap of $386.81 billion, a P/E ratio of 45.66, a PEG ratio of 3.16 and a beta of 1.37.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.GE Aerospace’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, analysts anticipate that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

Institutional Trading of GE Aerospace

Large investors have recently made changes to their positions in the business. Allworth Financial LP grew its position in shares of GE Aerospace by 7.6% during the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after buying an additional 5,434 shares during the period. Dara Capital US Inc. bought a new stake in shares of GE Aerospace during the fourth quarter worth approximately $2,527,000. NewEdge Wealth LLC lifted its holdings in GE Aerospace by 92.2% in the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after buying an additional 9,663 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in GE Aerospace by 11.0% in the third quarter. Orion Porfolio Solutions LLC now owns 68,266 shares of the company’s stock valued at $20,536,000 after buying an additional 6,747 shares during the period. Finally, CenterBook Partners LP boosted its stake in GE Aerospace by 892.6% in the fourth quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after acquiring an additional 44,772 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

About GE Aerospace

(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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