GE Aerospace (NYSE:GE) Shares Down 1.1% – Time to Sell?

GE Aerospace (NYSE:GE) shares traded down 1.1% during mid-day trading on Tuesday . The stock traded as low as $293.30 and last traded at $297.5050. 4,325,114 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 5,978,891 shares. The stock had previously closed at $300.77.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group set a $365.00 target price on GE Aerospace in a research note on Sunday, April 26th. TD Cowen lowered their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. BNP Paribas Exane boosted their target price on GE Aerospace from $290.00 to $300.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $349.89.

GE Aerospace Price Performance

The company has a market capitalization of $310.40 billion, a PE ratio of 36.64, a PEG ratio of 2.76 and a beta of 1.36. The firm has a fifty day moving average of $301.25 and a two-hundred day moving average of $306.26. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC bought a new position in GE Aerospace during the 3rd quarter valued at approximately $25,000. Blueline Advisors LLC bought a new position in GE Aerospace during the 4th quarter valued at approximately $25,000. Marquette Asset Management LLC bought a new position in GE Aerospace during the 3rd quarter valued at approximately $26,000. Ankerstar Wealth LLC bought a new position in GE Aerospace during the 4th quarter valued at approximately $31,000. Finally, Tucker Asset Management LLC bought a new position in GE Aerospace during the 4th quarter valued at approximately $32,000. Institutional investors own 74.77% of the company’s stock.

About GE Aerospace

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.