GE Aerospace (NYSE:GE) Shares Up 3.9% – Should You Buy?
by Jessica Moore · The Cerbat GemShares of GE Aerospace (NYSE:GE – Get Free Report) shot up 3.9% during trading on Tuesday . The stock traded as high as $314.98 and last traded at $314.55. 5,011,847 shares changed hands during trading, a decline of 15% from the average session volume of 5,874,132 shares. The stock had previously closed at $302.84.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on GE. President Capital decreased their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup decreased their target price on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company began coverage on GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 target price on the stock. Finally, Sanford C. Bernstein increased their target price on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $348.22.
Get Our Latest Stock Analysis on GE Aerospace
GE Aerospace Price Performance
The stock has a market capitalization of $328.18 billion, a P/E ratio of 38.74, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36. 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 stock has a 50-day simple moving average of $294.27 and a 200 day simple moving average of $305.31.
GE Aerospace (NYSE:GE – Get Free Report) last announced 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 firm had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities analysts forecast that GE Aerospace will post 7.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. REAP Financial Group LLC bought a new position in shares of GE Aerospace in the 3rd quarter worth $25,000. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the 4th quarter worth $25,000. Ankerstar Wealth LLC bought a new position in shares of GE Aerospace in the 4th quarter worth $31,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace in the 4th quarter worth $32,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of GE Aerospace in the 3rd quarter worth $32,000. 74.77% of the stock is currently owned by institutional investors.
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.