GE Aerospace (NYSE:GE) Trading 1.3% Higher – Time to Buy?

GE Aerospace (NYSE:GE) traded up 1.3% during trading on Monday . The stock traded as high as $303.07 and last traded at $300.9980. 4,540,110 shares changed hands during trading, a decline of 24% from the average session volume of 5,997,218 shares. The stock had previously closed at $297.15.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group dropped their price objective on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group set a $365.00 price target on shares of GE Aerospace in a report on Sunday, April 26th. Morgan Stanley lowered their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Citigroup lowered their price target on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.89.

GE Aerospace Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The business’s fifty day moving average price is $302.98 and its 200-day moving average price is $306.34. The stock has a market capitalization of $314.04 billion, a PE ratio of 37.07, a P/E/G ratio of 2.76 and a beta of 1.36.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data 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 company had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’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 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities research analysts expect that GE Aerospace will post 7.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GE. PNC Financial Services Group Inc. grew its position in GE Aerospace by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 949,398 shares of the company’s stock valued at $269,411,000 after acquiring an additional 12,415 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new position in GE Aerospace during the first quarter valued at approximately $1,022,000. HORAN Wealth LLC grew its position in GE Aerospace by 100.9% during the first quarter. HORAN Wealth LLC now owns 19,724 shares of the company’s stock valued at $6,009,000 after acquiring an additional 9,907 shares during the last quarter. Andra AP fonden grew its position in GE Aerospace by 197.8% during the first quarter. Andra AP fonden now owns 170,870 shares of the company’s stock valued at $48,488,000 after acquiring an additional 113,493 shares during the last quarter. Finally, Summit Asset Management LLC grew its position in GE Aerospace by 15.0% during the first quarter. Summit Asset Management LLC now owns 980 shares of the company’s stock valued at $278,000 after acquiring an additional 128 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

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.