Wall Street Zen Upgrades GE Aerospace (NYSE:GE) to “Buy”

GE Aerospace (NYSE:GEGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

GE has been the subject of several other research reports. Daiwa Securities Group started coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target for the company. BNP Paribas Exane dropped their price objective on shares of GE Aerospace from $305.00 to $290.00 and set an “underperform” rating on the stock in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of GE Aerospace from $375.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Sanford C. Bernstein upped their target price 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. Finally, Citigroup dropped their price target on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $350.88.

Get Our Latest Report on GE

GE Aerospace Trading Up 0.2%

Shares of NYSE GE opened at $304.59 on Friday. The company has a market cap of $319.46 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 2.83 and a beta of 1.43. GE Aerospace has a 12-month low of $176.02 and a 12-month high of $348.48. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock’s 50 day simple moving average is $311.37 and its 200 day simple moving average is $307.17.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.27 billion. During the same period in the prior year, the business earned $1.32 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts expect that GE Aerospace will post 7.43 EPS for the current year.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 30,363 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $306.47, for a total value of $9,305,348.61. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $46,103,507.98. This represents a 16.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Amy L. Gowder sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $305.73, for a total transaction of $1,222,920.00. Following the transaction, the senior vice president directly owned 16,535 shares in the company, valued at approximately $5,055,245.55. The trade was a 19.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,398 shares of company stock worth $11,455,491 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of GE Aerospace

A number of institutional investors have recently made changes to their positions in the stock. REAP Financial Group LLC bought a new position in GE Aerospace during the 3rd quarter valued at $25,000. Blueline Advisors LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth $25,000. Marquette Asset Management LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at $26,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after buying an additional 53 shares during the period. Finally, Roble Belko & Company Inc boosted its stake in GE Aerospace by 98.1% during the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock valued at $31,000 after buying an additional 51 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

More GE Aerospace News

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

About GE Aerospace

(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.

Featured Articles

Analyst Recommendations for GE Aerospace (NYSE:GE)

Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.