GE Aerospace (NYSE:GE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of GE Aerospace (NYSE:GE) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $301.2667.

A number of equities analysts have commented on the company. Bank of America increased their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday. Finally, Citigroup reissued a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $313.92 on Thursday. The business has a 50 day simple moving average of $291.90 and a two-hundred day simple moving average of $258.52. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The stock has a market capitalization of $331.13 billion, a P/E ratio of 41.91, a PEG ratio of 3.04 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

GE Aerospace (NYSE:GE) last announced its 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 analysts’ expectations of $10.29 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The business’s 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. As a group, analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Institutional Trading of GE Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of GE Aerospace during the second quarter worth about $3,408,828,000. GQG Partners LLC purchased a new stake in shares of GE Aerospace during the 1st quarter worth approximately $1,606,840,000. Nuveen LLC purchased a new stake in shares of GE Aerospace during the 1st quarter worth approximately $777,075,000. Amundi boosted its stake in shares of GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after acquiring an additional 1,771,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.