Wolfe Research Boosts GE Aerospace (NYSE:GE) Price Target to $360.00

GE Aerospace (NYSE:GEGet Free Report) had its price target boosted by analysts at Wolfe Research from $340.00 to $360.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Wolfe Research’s target price suggests a potential upside of 12.59% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Jefferies Financial Group lifted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Citigroup reduced their target price on GE Aerospace from $386.00 to $378.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $314.00.

Read Our Latest Analysis on GE Aerospace

GE Aerospace Stock Up 0.3%

Shares of NYSE:GE traded up $0.87 during mid-day trading on Monday, hitting $319.75. 3,968,119 shares of the company traded hands, compared to its average volume of 4,299,730. The stock has a market cap of $337.28 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.24 and a beta of 1.40. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $332.79. The stock has a 50-day moving average price of $304.33 and a two-hundred day moving average price of $289.32.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the prior year, the firm posted $1.15 EPS. GE Aerospace’s quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GE Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bare Financial Services Inc raised its stake in shares of GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares during the period. REAP Financial Group LLC purchased a new position in GE Aerospace during the 3rd quarter valued at about $25,000. Marquette Asset Management LLC bought a new stake in shares of GE Aerospace during the third quarter valued at about $26,000. Lavaca Capital LLC lifted its holdings in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position 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 acquiring an additional 53 shares during the period. Institutional investors own 74.77% of the company’s stock.

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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.

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