GE Aerospace (NYSE:GE) Raised to Strong-Buy at Wells Fargo & Company

GE Aerospace (NYSE:GEGet Free Report) was upgraded by research analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on GE. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Morgan Stanley started coverage on shares of GE Aerospace in a research report on Friday, February 20th. They set an “overweight” rating and a $425.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. UBS Group set a $374.00 target price on GE Aerospace and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $343.89.

Read Our Latest Research Report on GE Aerospace

GE Aerospace Trading Up 3.4%

GE opened at $293.34 on Tuesday. The business has a fifty day moving average price of $311.98 and a 200 day moving average price of $306.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.74. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $348.48. The stock has a market capitalization of $307.66 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.62 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.14. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.27 billion. During the same quarter last year, the business posted $1.32 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Activity at GE Aerospace

In related news, SVP Amy L. Gowder sold 4,000 shares of GE Aerospace stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $305.73, for a total transaction of $1,222,920.00. Following the sale, the senior vice president directly owned 16,535 shares in the company, valued at $5,055,245.55. This trade represents a 19.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 3,035 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $305.51, for a total transaction of $927,222.85. Following the completion of the transaction, the vice president owned 10,583 shares of the company’s stock, valued at $3,233,212.33. This represents a 22.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,398 shares of company stock valued at $11,455,491 in the last ninety days. Insiders own 0.19% of the company’s stock.

Institutional Trading of GE Aerospace

A number of large investors have recently made changes to their positions in GE. Forty three Eighteen Advisors LLC purchased a new position in GE Aerospace during the 4th quarter worth approximately $2,078,000. Rockefeller Capital Management L.P. increased its position in GE Aerospace by 18.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 521,787 shares of the company’s stock worth $160,726,000 after buying an additional 82,770 shares during the period. Bank of New Hampshire lifted its stake in GE Aerospace by 0.3% in the fourth quarter. Bank of New Hampshire now owns 10,917 shares of the company’s stock valued at $3,363,000 after buying an additional 38 shares during the last quarter. Osbon Capital Management LLC purchased a new stake in GE Aerospace in the fourth quarter valued at approximately $65,000. Finally, Lane Brothers & Co. Inc. acquired a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $379,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace News Summary

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

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.

Further Reading

Analyst Recommendations for GE Aerospace (NYSE:GE)

Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.