GE Aerospace (NYSE:GE) Trading 1% Higher – What’s Next?

Shares of GE Aerospace (NYSE:GE) shot up 1% during trading on Wednesday . The company traded as high as $320.48 and last traded at $317.7270. 4,764,035 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 5,864,046 shares. The stock had previously closed at $314.49.

Analyst Upgrades and Downgrades

A number of research firms have commented on GE. Morgan Stanley cut their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $355.00 price target on shares of GE Aerospace in a research note on Wednesday, May 20th. President Capital cut their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. TD Cowen cut their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

GE Aerospace Stock Up 1.0%

The company has a market cap of $331.50 billion, a PE ratio of 39.13, a PEG ratio of 2.81 and a beta of 1.36. The stock’s 50 day moving average price is $294.57 and its 200-day moving average price is $305.38. 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:GE) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, analysts predict that GE Aerospace will post 7.46 earnings per share for the current year.

Institutional Investors Weigh In On GE Aerospace

Several institutional investors have recently added to or reduced their stakes in GE. REAP Financial Group LLC purchased a new stake in GE Aerospace during the 3rd quarter valued at $25,000. Blueline Advisors LLC purchased a new stake in GE Aerospace during the 4th quarter valued at $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace during the 4th quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new stake in GE Aerospace during the 3rd quarter valued at $32,000. Finally, Tucker Asset Management LLC purchased a new stake in GE Aerospace during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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.