GE Aerospace (NYSE:GE) Trading Up 1.5% – Still a Buy?

Shares of GE Aerospace (NYSE:GE) rose 1.5% on Wednesday . The stock traded as high as $362.33 and last traded at $356.8410. Approximately 4,994,715 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 5,726,980 shares. The stock had previously closed at $351.73.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. 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 note on Wednesday, April 22nd. Seaport Research Partners initiated coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price for the company. Sanford C. Bernstein boosted their target price on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Citigroup cut their target price on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $348.22.

GE Aerospace Stock Up 1.5%

The firm’s 50 day moving average is $305.92 and its two-hundred day moving average is $308.18. The stock has a market cap of $372.31 billion, a price-to-earnings ratio of 43.95, a P/E/G ratio of 3.03 and a beta of 1.37. 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 posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS 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%.The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter 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, sell-side analysts predict that GE Aerospace will post 7.48 EPS for the current year.

Institutional Trading of GE Aerospace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GE. Blueline Advisors LLC purchased a new stake in GE Aerospace in the 4th quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace in the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new stake in GE Aerospace in the 4th quarter valued at about $32,000. Redmont Wealth Advisors LLC purchased a new stake in GE Aerospace in the 3rd quarter valued at about $36,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace in the 4th quarter valued at about $40,000. Hedge funds and other 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.