GE Aerospace (NYSE:GE) Trading 1.3% Higher – What’s Next?

GE Aerospace (NYSE:GEGet Free Report)’s share price traded up 1.3% during trading on Monday . The stock traded as high as $303.07 and last traded at $300.9980. 4,540,110 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 5,997,218 shares. The stock had previously closed at $297.15.

Key Stories Impacting GE Aerospace

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. TD Cowen dropped their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, April 22nd. Sanford C. Bernstein boosted their price target on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group boosted their price target on shares of GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.89.

Check Out Our Latest Stock Report on GE Aerospace

GE Aerospace Price Performance

The stock has a 50 day moving average of $299.34 and a two-hundred day moving average of $306.18. The stock has a market cap of $307.67 billion, a PE ratio of 36.32, a PEG ratio of 2.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01.

GE Aerospace (NYSE:GEGet Free Report) 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 firm had revenue of $11.61 billion for 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%.GE Aerospace’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts anticipate that GE Aerospace will post 7.46 EPS for the current year.

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors have recently bought and sold shares of GE. Phoenix Financial Ltd. grew its stake in shares of GE Aerospace by 34.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 22,632 shares of the company’s stock valued at $6,808,000 after buying an additional 5,775 shares in the last quarter. Integrity Financial Corp WA bought a new stake in shares of GE Aerospace in the 3rd quarter valued at approximately $481,000. Prime Capital Investment Advisors LLC grew its stake in shares of GE Aerospace by 23.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company’s stock valued at $15,373,000 after buying an additional 9,750 shares in the last quarter. HORAN Wealth LLC grew its stake in shares of GE Aerospace by 667.0% in the 3rd quarter. HORAN Wealth LLC now owns 10,194 shares of the company’s stock valued at $3,066,000 after buying an additional 8,865 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of GE Aerospace by 18.1% in the 3rd quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock valued at $14,354,000 after buying an additional 7,315 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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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