JPMorgan Chase & Co. Raises GE Aerospace (NYSE:GE) Price Target to $335.00

GE Aerospace (NYSE:GE) had its price target upped by investment analysts at JPMorgan Chase & Co. from $325.00 to $335.00 in a report released on Monday,MarketScreener reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.14% from the company’s previous close.

GE has been the subject of a number of other reports. UBS Group set a $374.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Thursday. Wolfe Research increased their price objective on GE Aerospace from $340.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. TD Cowen raised their target price on GE Aerospace from $330.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $319.00.

GE Aerospace Stock Performance

NYSE:GE traded down $0.37 during mid-day trading on Monday, reaching $293.50. The stock had a trading volume of 1,334,786 shares, compared to its average volume of 5,641,111. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $332.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.04. The business has a 50 day simple moving average of $305.09 and a 200 day simple moving average of $292.76. The firm has a market capitalization of $309.58 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 1.94 and a beta of 1.40.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, January 22nd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $11.27 billion. GE Aerospace had a net margin of 18.98% and a return on equity of 35.52%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Transactions at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On GE Aerospace

A number of hedge funds have recently added to or reduced their stakes in GE. Bare Financial Services Inc grew its stake in GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares during the period. REAP Financial Group LLC purchased a new stake in GE Aerospace in the third quarter worth $25,000. Marquette Asset Management LLC purchased a new position in shares of GE Aerospace during the 3rd quarter valued at $26,000. Lavaca Capital LLC increased its holdings in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in GE Aerospace by 147.2% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

About GE Aerospace

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.