GE Aerospace (NYSE:GE) Price Target Raised to $216.00 at UBS Group

GE Aerospace (NYSE:GE) had its price target upped by UBS Group from $207.00 to $216.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on GE. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of GE Aerospace in a research note on Wednesday, January 22nd. Redburn Atlantic assumed coverage on GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Bank of America lifted their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of GE Aerospace from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.40.

GE Aerospace Stock Up 2.4 %

Shares of NYSE GE opened at $193.71 on Wednesday. The company’s 50 day moving average price is $194.82 and its 200-day moving average price is $186.53. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. The company has a market capitalization of $207.90 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. GE Aerospace’s payout ratio is presently 24.04%.

Hedge Funds Weigh In On GE Aerospace

Large investors have recently bought and sold shares of the stock. New Age Alpha Advisors LLC raised its holdings in shares of GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in GE Aerospace in the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $29,000. 74.77% of the stock is currently owned by institutional investors.

About GE Aerospace

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.