GE Aerospace (NYSE:GE) Price Target Raised to $350.00

GE Aerospace (NYSE:GE) had its price objective upped by Jefferies Financial Group from $320.00 to $350.00 in a research report sent to investors on Monday,MarketScreener reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on GE. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. UBS Group upped their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.92.

GE Aerospace Trading Down 1.7%

NYSE:GE opened at $300.56 on Monday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $275.89 and a two-hundred day moving average price of $239.03. The company has a market cap of $318.73 billion, a P/E ratio of 41.92, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The business’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is 20.08%.

Institutional Investors Weigh In On GE Aerospace

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in GE Aerospace during the 2nd quarter worth $3,408,828,000. GQG Partners LLC bought a new position in GE Aerospace during the 1st quarter worth $1,606,840,000. GAMMA Investing LLC increased its position in GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock worth $1,013,959,000 after buying an additional 5,044,632 shares during the period. Nuveen LLC bought a new position in GE Aerospace during the 1st quarter worth $777,075,000. Finally, Amundi increased its position in 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 buying an additional 1,771,944 shares during the period. Institutional investors own 74.77% of the company’s stock.

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.