GE Aerospace (NYSE:GE) Trading 1.5% Higher – Still a Buy?

GE Aerospace (NYSE:GE) shot up 1.5% during mid-day trading on Wednesday . The company traded as high as $362.33 and last traded at $356.8410. 4,994,715 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 5,726,980 shares. The stock had previously closed at $351.73.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Seaport Research Partners started coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price objective for the company. BNP Paribas Exane cut their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. UBS Group reduced their price target on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. TD Cowen lowered their price target on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Sanford C. Bernstein increased their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. One equities 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

GE Aerospace Stock Performance

The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $374.32 billion, a PE ratio of 44.18, a PEG ratio of 3.16 and a beta of 1.37. The business has a 50 day simple moving average of $308.70 and a 200 day simple moving average of $309.03.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts predict that GE Aerospace will post 7.48 EPS for the current fiscal year.

Institutional Trading of GE Aerospace

Large investors have recently bought and sold shares of the stock. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace in the 4th quarter worth $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace in the 4th quarter worth $32,000. Redmont Wealth Advisors LLC acquired a new stake in GE Aerospace during the 3rd quarter worth about $36,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in GE Aerospace during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Company Profile

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.