GE Aerospace (NYSE:GE) Stock Price Down 1.1% After Analyst Downgrade

GE Aerospace (NYSE:GEGet Free Report)’s stock price was down 1.1% during trading on Thursday after BNP Paribas Exane lowered their price target on the stock from $300.00 to $270.00. BNP Paribas Exane currently has an underperform rating on the stock. GE Aerospace traded as low as $289.08 and last traded at $291.4210. Approximately 4,492,824 shares traded hands during trading, a decline of 24% from the average daily volume of 5,944,298 shares. The stock had previously closed at $294.71.

A number of other equities research analysts have also recently commented on the company. TD Cowen lowered their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. President Capital lowered their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a report on Wednesday, April 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $348.22.

Get Our Latest Stock Analysis on GE Aerospace

Key Stories Impacting GE Aerospace

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Rockbridge Investment Management LCC raised its position in GE Aerospace by 10.6% in the first quarter. Rockbridge Investment Management LCC now owns 9,281 shares of the company’s stock valued at $2,634,000 after purchasing an additional 886 shares during the period. GC Wealth Management RIA LLC grew its stake in shares of GE Aerospace by 33.7% during the first quarter. GC Wealth Management RIA LLC now owns 10,143 shares of the company’s stock valued at $2,878,000 after acquiring an additional 2,559 shares in the last quarter. Klingman & Associates LLC grew its stake in shares of GE Aerospace by 0.9% during the first quarter. Klingman & Associates LLC now owns 9,582 shares of the company’s stock valued at $2,719,000 after acquiring an additional 82 shares in the last quarter. Modern Wealth Management LLC grew its stake in shares of GE Aerospace by 13.9% during the first quarter. Modern Wealth Management LLC now owns 11,464 shares of the company’s stock valued at $3,355,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Keebeck Wealth Management grew its stake in shares of GE Aerospace by 152.1% during the first quarter. Keebeck Wealth Management now owns 1,994 shares of the company’s stock valued at $566,000 after acquiring an additional 1,203 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 1.1%

The firm has a 50 day moving average price of $299.34 and a two-hundred day moving average price of $306.18. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $304.05 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 2.76 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, sell-side analysts expect that GE Aerospace will post 7.46 earnings per share for the current year.

GE Aerospace Company Profile

(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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