GE Aerospace (NYSE:GE) Price Target Raised to $435.00

GE Aerospace (NYSE:GEGet Free Report) had its price target increased by investment analysts at UBS Group from $426.00 to $435.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 25.66% from the stock’s current price.

A number of other equities research analysts have also issued reports on GE. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Tuesday. Seaport Research Partners started coverage on GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target for the company. Daiwa Securities Group began coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a report on Wednesday. Finally, Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $370.33.

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GE Aerospace Trading Down 3.9%

GE Aerospace stock opened at $346.16 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The firm has a market cap of $361.16 billion, a price-to-earnings ratio of 42.63, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. GE Aerospace has a 1 year low of $254.66 and a 1 year high of $382.97. The firm’s 50 day moving average price is $335.28 and its two-hundred day moving average price is $318.30.

GE Aerospace (NYSE:GEGet Free Report) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, research analysts predict that GE Aerospace will post 7.49 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP grew its stake in GE Aerospace by 7.6% in the 4th quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after buying an additional 5,434 shares during the last quarter. Dara Capital US Inc. acquired a new stake in shares of GE Aerospace in the fourth quarter valued at about $2,527,000. NewEdge Wealth LLC increased its stake in shares of GE Aerospace by 92.2% in the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after purchasing an additional 9,663 shares during the period. CenterBook Partners LP lifted its position in shares of GE Aerospace by 892.6% during the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock worth $15,336,000 after purchasing an additional 44,772 shares during the last quarter. Finally, Ascentis Independent Advisors boosted its stake in GE Aerospace by 207.3% during the 1st quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after purchasing an additional 2,912 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting GE Aerospace

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GE Aerospace Company Profile

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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.

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