Wall Street Zen Upgrades GE Aerospace (NYSE:GE) to Buy

GE Aerospace (NYSE:GE) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently commented on GE. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Jefferies Financial Group upped their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Wolfe Research increased their price target on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.27.

GE Aerospace Stock Performance

NYSE GE opened at $303.97 on Friday. The company has a fifty day moving average of $289.19 and a two-hundred day moving average of $255.82. The company has a market capitalization of $320.63 billion, a PE ratio of 40.58, a P/E/G ratio of 3.14 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.53. 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 posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

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 lifted its stake in shares of GE Aerospace by 81.1% in the second 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. Marquette Asset Management LLC purchased a new position in GE Aerospace in the third quarter valued at about $26,000. Lavaca Capital LLC lifted its position in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Barnes Dennig Private Wealth Management LLC lifted its position in shares of GE Aerospace by 147.2% during the 3rd 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. Finally, IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

About GE Aerospace

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.