GE Aerospace Target of Unusually Large Options Trading (NYSE:GE)

GE Aerospace (NYSE:GEGet Free Report) saw unusually large options trading on Monday. Stock investors acquired 42,587 call options on the stock. This is an increase of approximately 71% compared to the average daily volume of 24,881 call options.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen decreased their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. The Goldman Sachs Group boosted their price target on GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Daiwa Securities Group assumed coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target for the company. Sanford C. Bernstein increased their price target on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

Check Out Our Latest Stock Report on GE

Hedge Funds Weigh In On GE Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new position in GE Aerospace in the 3rd quarter worth approximately $25,000. Blueline Advisors LLC bought a new position in GE Aerospace in the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the 4th quarter worth approximately $32,000. Finally, Abich Financial Wealth Management LLC bought a new position in GE Aerospace in the 3rd quarter worth approximately $32,000. 74.77% of the stock is owned by institutional investors.

Trending Headlines about GE Aerospace

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GE Aerospace Stock Up 1.5%

NYSE:GE opened at $285.81 on Tuesday. The firm has a market capitalization of $298.20 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.36. The stock has a 50 day moving average of $296.50 and a 200-day moving average of $305.70. GE Aerospace has a 52 week low of $228.01 and a 52 week high of $348.48. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GEGet Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.60 by $0.26. The company had revenue of $11.61 billion during 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 revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts predict that GE Aerospace will post 7.46 EPS for the current year.

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.

Further Reading

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