Jefferies Financial Group Forecasts Strong Price Appreciation for GE Aerospace (NYSE:GE) Stock

GE Aerospace (NYSE:GE) had its target price increased by investment analysts at Jefferies Financial Group from $365.00 to $455.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 21.49% from the company’s current price.

Several other equities research analysts have also recently weighed in on GE. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reissued a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a report on Wednesday. President Capital reduced their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Seaport Research Partners assumed coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Finally, Daiwa Securities Group assumed coverage on GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $357.56.

GE Aerospace Trading Up 0.2%

GE opened at $374.53 on Thursday. The stock’s fifty day moving average is $319.00 and its two-hundred day moving average is $314.03. The company has a market capitalization of $390.76 billion, a P/E ratio of 46.12, a PEG ratio of 3.31 and a beta of 1.35. GE Aerospace has a 52 week low of $243.34 and a 52 week high of $379.67. The company has a quick ratio of 0.70, a current ratio of 1.01 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, topping the consensus estimate of $1.60 by $0.26. The business 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 business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

Hedge Funds Weigh In On GE Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of GE Aerospace by 7.6% in the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after purchasing an additional 5,434 shares during the last quarter. Dara Capital US Inc. purchased a new stake in GE Aerospace in the fourth quarter valued at approximately $2,527,000. NewEdge Wealth LLC boosted its position 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 last quarter. Orion Porfolio Solutions LLC increased its holdings in GE Aerospace by 11.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 68,266 shares of the company’s stock worth $20,536,000 after buying an additional 6,747 shares during the period. Finally, CenterBook Partners LP increased its holdings in GE Aerospace by 892.6% in the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock worth $15,336,000 after buying an additional 44,772 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

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.