GE Aerospace (NYSE:GE) Stock Price Up 2.9% – Should You Buy?

Shares of GE Aerospace (NYSE:GE) rose 2.9% on Tuesday . The company traded as high as $352.88 and last traded at $352.0980. Approximately 5,126,697 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 5,718,154 shares. The stock had previously closed at $342.26.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of recent analyst reports. Citigroup cut their price objective on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Morgan Stanley dropped their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Seaport Research Partners began coverage on GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 price target on the stock. Finally, Jefferies Financial Group restated a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

GE Aerospace Stock Up 2.9%

The stock has a 50 day simple moving average of $304.50 and a 200-day simple moving average of $307.80. The firm has a market cap of $367.36 billion, a PE ratio of 43.36, a PEG ratio of 2.97 and a beta of 1.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts predict that GE Aerospace will post 7.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GE. Blueline Advisors LLC purchased a new position in shares of GE Aerospace in the fourth quarter worth $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace in the fourth quarter worth $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of GE Aerospace in the third quarter worth $32,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace in the fourth quarter worth $32,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of GE Aerospace in the third quarter worth $36,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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.