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

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

GE has been the topic of a number of other reports. Royal Bank Of Canada raised their price objective on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Susquehanna reaffirmed a “positive” rating and issued a $380.00 target price on shares of GE Aerospace in a research report on Thursday. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. BNP Paribas Exane began coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating for the company. Finally, The Goldman Sachs Group raised their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $314.00.

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GE Aerospace Stock Performance

Shares of NYSE:GE traded up $0.87 during mid-day trading on Monday, reaching $319.75. The company had a trading volume of 3,968,119 shares, compared to its average volume of 4,299,730. The company’s 50-day moving average price is $304.33 and its 200-day moving average price is $289.32. GE Aerospace has a one year low of $159.36 and a one year high of $332.79. The firm has a market cap of $337.28 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.24 and a beta of 1.40. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of GE Aerospace 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 sale, the senior vice president directly owned 150,434 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GE. Capital Advisors Inc. OK grew its holdings in GE Aerospace by 19.8% in the fourth quarter. Capital Advisors Inc. OK now owns 5,830 shares of the company’s stock worth $1,796,000 after purchasing an additional 962 shares during the last quarter. Victory Financial Group LLC boosted its position in GE Aerospace by 24.8% in the fourth quarter. Victory Financial Group LLC now owns 1,859 shares of the company’s stock valued at $573,000 after buying an additional 370 shares during the last quarter. Counterweight Ventures LLC lifted its position in GE Aerospace by 1.7% during the fourth quarter. Counterweight Ventures LLC now owns 6,258 shares of the company’s stock valued at $1,928,000 after purchasing an additional 102 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at about $88,000. Finally, Frank Rimerman Advisors LLC grew its stake in shares of GE Aerospace by 0.6% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,511 shares of the company’s stock worth $4,778,000 after purchasing an additional 100 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting GE Aerospace

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

GE Aerospace Company Profile

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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)

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