GE Aerospace (NYSE:GE) Receives $241.92 Consensus Target Price from Brokerages

GE Aerospace (NYSE:GE) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $241.9231.

Several analysts have weighed in on GE shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. UBS Group lifted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Jefferies Financial Group raised their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th.

GE Aerospace Stock Performance

GE stock opened at $302.12 on Friday. The stock’s fifty day moving average is $281.84 and its two-hundred day moving average is $245.55. The stock has a market capitalization of $320.37 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 3.21 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the firm posted $1.20 EPS. GE Aerospace’s quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

Institutional Investors Weigh In On GE Aerospace

Several large investors have recently modified their holdings of GE. Trinity Financial Advisors LLC purchased a new stake in shares of GE Aerospace during the third quarter valued at $242,000. Cooper Financial Group raised its holdings in GE Aerospace by 19.6% during the 3rd quarter. Cooper Financial Group now owns 4,760 shares of the company’s stock worth $1,432,000 after buying an additional 780 shares during the period. Orser Capital Management LLC lifted its stake in GE Aerospace by 195.2% during the third quarter. Orser Capital Management LLC now owns 2,471 shares of the company’s stock valued at $743,000 after buying an additional 1,634 shares in the last quarter. Acropolis Investment Management LLC purchased a new stake in GE Aerospace during the third quarter valued at about $631,000. Finally, Lbmc Investment Advisors LLC boosted its holdings in shares of GE Aerospace by 2.7% in the third quarter. Lbmc Investment Advisors LLC now owns 4,820 shares of the company’s stock worth $1,450,000 after buying an additional 125 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.