Citigroup Has Lowered Expectations for GE Aerospace (NYSE:GE) Stock Price

Key Points

• Citigroup trimmed its price target on GE Aerospace to $378 from $386 but kept a "buy" rating, implying about a 15.3% upside from the current share price.
• Analyst sentiment is mixed: 16 Buys, 2 Holds and 2 Sells give GE an average rating of "Moderate Buy" with an average target of $309.44, which is below the stock's recent price of $327.75.
• GE Aerospace reported a strong quarter—EPS of $1.66 beating estimates and revenue up 26.4%—and set FY2025 guidance of 6.000–6.200 EPS, above the street's ~5.4 forecast.

GE Aerospace (NYSE:GE - Get Free Report) had its price target reduced by Citigroup from $386.00 to $378.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective suggests a potential upside of 15.33% from the company's current price.

Several other brokerages also recently issued reports on GE. TD Cowen increased their price target on GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a report on Tuesday, October 7th. BNP Paribas Exane assumed coverage on GE Aerospace in a research note on Tuesday, November 18th. They issued an "underperform" rating for the company. JPMorgan Chase & Co. boosted their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an "overweight" rating in a research report on Monday, October 27th. Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $309.44.

GE Aerospace Trading Up 1.1%

GE traded up $3.58 on Tuesday, reaching $327.75. 1,041,149 shares of the company's stock were exchanged, compared to its average volume of 4,166,374. The company's 50 day moving average is $303.59 and its 200-day moving average is $288.60. The company has a market cap of $345.71 billion, a price-to-earnings ratio of 43.75, a PEG ratio of 2.20 and a beta of 1.40. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $332.79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion for the quarter, compared to analysts' expectations of $10.29 billion. During the same period in the previous year, the company posted $1.15 earnings per share. GE Aerospace's revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares of the company's stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On GE Aerospace

Several institutional investors have recently modified their holdings of GE. REAP Financial Group LLC bought a new stake in shares of GE Aerospace during the third quarter valued at approximately $25,000. Marquette Asset Management LLC acquired a new stake in GE Aerospace in the 3rd quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC increased its position in GE Aerospace by 147.2% in 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. Bare Financial Services Inc raised its stake in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company's stock valued at $25,000 after acquiring an additional 43 shares in the last quarter. Finally, Roble Belko & Company Inc boosted its position in GE Aerospace by 98.1% during the 3rd quarter. Roble Belko & Company Inc now owns 103 shares of the company's stock worth $31,000 after acquiring an additional 51 shares during the period. Institutional investors own 74.77% of the company's stock.

About GE Aerospace

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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