GE Aerospace (NYSE:GE) Trading Up 2.1% – Should You Buy?

GE Aerospace (NYSE:GE)’s share price was up 2.1% during mid-day trading on Monday . The company traded as high as $348.90 and last traded at $342.3960. Approximately 5,159,292 shares traded hands during trading, a decline of 10% from the average daily volume of 5,736,516 shares. The stock had previously closed at $335.30.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GE shares. TD Cowen cut their target price on 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 reaffirmed an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research report on Wednesday, May 20th. Weiss Ratings lowered GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. UBS Group dropped their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Citigroup dropped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

GE Aerospace Stock Up 2.1%

The stock has a market capitalization of $357.24 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.37. 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 firm has a 50-day moving average of $303.27 and a two-hundred day moving average of $307.45.

GE Aerospace (NYSE:GE) last posted its quarterly 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 firm had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.GE Aerospace’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous 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 anticipate that GE Aerospace will post 7.48 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blueline Advisors LLC acquired a new position in GE Aerospace in the 4th quarter worth about $25,000. Ankerstar Wealth LLC acquired a new position in GE Aerospace in the 4th quarter worth about $31,000. Abich Financial Wealth Management LLC acquired a new position in GE Aerospace in the 3rd quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in GE Aerospace in the 4th quarter worth about $32,000. Finally, Redmont Wealth Advisors LLC acquired a new position in GE Aerospace in the 3rd quarter worth about $36,000. 74.77% of the stock is owned by institutional investors and hedge funds.

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.