GE Aerospace (NYSE:GE) Stock Gets Price Target Reduction from Susquehanna

GE Aerospace (NYSE:GE) had its target price reduced by Susquehanna from $430.00 to $400.00 in a research note released on Wednesday morning, Marketbeat.com reports. They currently have a positive rating on the stock.

Other equities analysts have also recently issued reports about the company. Morgan Stanley reissued an “overweight” rating and set a $375.00 price target (down from $400.00) on shares of GE Aerospace in a report on Wednesday. Melius Research set a $350.00 price objective on GE Aerospace and gave the stock a “hold” rating in a report on Monday, September 14th. UBS Group reaffirmed a “buy” rating and issued a $380.00 price objective (up from $377.00) on shares of GE Aerospace in a report on Wednesday. Wells Fargo & Company reduced their price objective on GE Aerospace from $390.00 to $380.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $373.52.

GE Aerospace Stock Down 2.7%

Shares of GE Aerospace stock opened at $285.76 on Wednesday. The company has a market cap of $295.29 billion, a price-to-earnings ratio of 38.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. The company’s 50 day moving average is $322.95 and its 200 day moving average is $328.74. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.24. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The company had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.88 billion. During the same quarter last year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. Research analysts anticipate that GE Aerospace will post 8.15 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s dividend payout ratio is currently 22.14%.

Institutional Investors Weigh In On GE Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC lifted its holdings in GE Aerospace by 1.3% during the third quarter. Revolve Wealth Partners LLC now owns 3,314 shares of the company’s stock valued at $1,035,000 after purchasing an additional 44 shares in the last quarter. Compass Ion Advisors LLC boosted its position in shares of GE Aerospace by 5.6% in the third quarter. Compass Ion Advisors LLC now owns 2,134 shares of the company’s stock worth $666,000 after purchasing an additional 113 shares during the period. Valley National Advisers Inc. boosted its position in shares of GE Aerospace by 411.2% in the third quarter. Valley National Advisers Inc. now owns 8,681 shares of the company’s stock worth $2,711,000 after purchasing an additional 6,983 shares during the period. Code Waechter LLC increased its stake in shares of GE Aerospace by 23.6% in the third quarter. Code Waechter LLC now owns 1,905 shares of the company’s stock worth $595,000 after purchasing an additional 364 shares in the last quarter. Finally, Brucke Financial Inc. increased its stake in shares of GE Aerospace by 21.6% in the third quarter. Brucke Financial Inc. now owns 2,144 shares of the company’s stock worth $670,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Trending Headlines about GE Aerospace

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

• Positive Sentiment: GE Aerospace beat third-quarter expectations for the eighth consecutive quarter, reporting adjusted EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year. The company also raised its full-year guidance. GE Aerospace Reports Strong Earnings Again
• Positive Sentiment: Defense and Propulsion Technologies remains a bright spot, with revenue growth of 7% and orders up 18%, supported by military-engine demand and defense contracts. GE’s Defense & Propulsion Strength Seems Firm
• Positive Sentiment: Management expects to deliver more than 3,200 engines in South Asia over the next decade, highlighting a substantial long-term commercial opportunity. GE is also increasing engine deliveries as Boeing targets higher 787 production. GE Aerospace South Asia Engine Delivery Plans
• Neutral Sentiment: Several research reports remain bullish, citing strong aftermarket demand, execution improvements and GE’s leading position in aero engines. However, the stock’s elevated valuation means further gains may require continued earnings upgrades. Strong Aftermarket Demand and Improving Execution
• Negative Sentiment: Bernstein lowered its price target to $376 from $421, while Susquehanna, JPMorgan, BNP Paribas Exane and RBC also issued cautious views or reduced expectations. The cluster of target cuts is weighing on sentiment. Bernstein Lowers GE Aerospace Price Target
• Negative Sentiment: Analysts are concerned that high jet-fuel prices could pressure airline profitability and delay engine purchases. Investors are also factoring in projected 2027 transition costs associated with the GE9X production ramp, despite GE’s large services backlog. Why GE Aerospace Stock Keeps Going Down

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.