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

Shares of GE Aerospace (NYSE:GE) traded up 1.3% during trading on Monday . The company 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.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday, January 22nd. President Capital decreased their price target 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. BNP Paribas Exane boosted their price target on shares of GE Aerospace from $290.00 to $300.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Citigroup decreased their price target 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. Finally, Susquehanna restated a “positive” rating and set a $380.00 price target on shares of GE Aerospace in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has an average 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 quick ratio of 0.70 and a current ratio of 1.01. The stock has a market cap of $314.04 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.76 and a beta of 1.36. The company’s 50 day moving average price is $302.98 and its 200-day moving average price is $306.34.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts forecast that GE Aerospace will post 7.46 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the stock. REAP Financial Group LLC purchased a new stake in GE Aerospace during the third quarter valued at about $25,000. Blueline Advisors LLC purchased a new stake in GE Aerospace during the fourth quarter valued at about $25,000. Marquette Asset Management LLC purchased a new stake in GE Aerospace during the third quarter valued at about $26,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace during the fourth quarter valued at about $31,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in GE Aerospace during the third quarter valued at about $32,000. 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.