Brokerages Set GE Aerospace (NYSE:GE) PT at $348.22

GE Aerospace (NYSE:GE) has received an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $348.2222.

GE has been the subject of a number of research reports. President Capital lowered their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a report on Wednesday, May 20th. Seaport Research Partners initiated coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Morgan Stanley lowered their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th.

Hedge Funds Weigh In On GE Aerospace

Large investors have recently added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in GE Aerospace during the 4th quarter worth about $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth about $31,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth about $32,000. Abich Financial Wealth Management LLC acquired a new position in shares of GE Aerospace during the 3rd quarter worth about $32,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of GE Aerospace during the 3rd quarter worth about $36,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE opened at $352.10 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $352.88. The company has a fifty day simple moving average of $305.92 and a 200 day simple moving average of $308.18. The stock has a market cap of $367.36 billion, a P/E ratio of 43.36, a P/E/G ratio of 3.03 and a beta of 1.37.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts expect that GE Aerospace will post 7.48 EPS for the current year.

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.