Shares of GE Aerospace (NYSE:GE – Get Free Report) shot up 2.1% on Monday . The stock traded as high as $348.90 and last traded at $342.3960. 5,159,292 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 5,736,516 shares. The stock had previously closed at $335.30.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on GE. Morgan Stanley decreased their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a research note on Wednesday, May 20th. Weiss Ratings downgraded GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. BNP Paribas Exane decreased their price target on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. One 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.
Read Our Latest Analysis on GE
GE Aerospace Stock Performance
GE Aerospace (NYSE:GE – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the company posted $1.49 EPS. The firm’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. On average, research analysts predict that GE Aerospace will post 7.48 EPS for the current year.
Institutional Trading of GE Aerospace
Hedge funds have recently added to or reduced their stakes in the business. Blueline Advisors LLC bought a new stake in GE Aerospace during the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace during the 4th quarter valued at approximately $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the 4th quarter valued at approximately $32,000. Abich Financial Wealth Management LLC bought a new stake in GE Aerospace during the 3rd quarter valued at approximately $32,000. Finally, Redmont Wealth Advisors LLC bought a new stake in GE Aerospace during the 3rd quarter valued at approximately $36,000. 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.
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