Wolfe Research Forecasts Strong Price Appreciation for GE Aerospace (NYSE:GE) Stock

GE Aerospace (NYSE:GEGet Free Report) had its price target hoisted by equities research analysts at Wolfe Research from $340.00 to $360.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Wolfe Research’s price objective suggests a potential upside of 12.59% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Bank of America boosted their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. TD Cowen raised their price target on GE Aerospace from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. The Goldman Sachs Group upped their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $314.00.

Check Out Our Latest Analysis on GE

GE Aerospace Trading Up 0.3%

Shares of GE Aerospace stock traded up $0.87 during mid-day trading on Monday, hitting $319.75. The stock had a trading volume of 3,968,119 shares, compared to its average volume of 4,299,730. The firm has a market cap of $337.28 billion, a P/E ratio of 42.69, a price-to-earnings-growth ratio of 2.24 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $304.33 and a two-hundred day moving average of $289.32. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $332.79.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the firm posted $1.15 earnings per share. GE Aerospace’s revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Activity

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On GE Aerospace

Several institutional investors have recently added to or reduced their stakes in GE. Ameriflex Group Inc. increased its position in GE Aerospace by 23.5% in the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after purchasing an additional 331 shares during the last quarter. Diversified Trust Co grew its stake in shares of GE Aerospace by 21.3% in the 3rd quarter. Diversified Trust Co now owns 32,021 shares of the company’s stock valued at $9,633,000 after buying an additional 5,625 shares in the last quarter. Cadinha & Co. LLC increased its holdings in GE Aerospace by 154.8% in the third quarter. Cadinha & Co. LLC now owns 97,280 shares of the company’s stock worth $29,264,000 after buying an additional 59,106 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in GE Aerospace by 1.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock valued at $41,101,000 after acquiring an additional 2,779 shares in the last quarter. Finally, Czech National Bank grew its position in GE Aerospace by 3.3% in the third quarter. Czech National Bank now owns 269,330 shares of the company’s stock worth $81,020,000 after acquiring an additional 8,668 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting GE Aerospace

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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.

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