GE Aerospace (NYSE:GE) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of GE Aerospace (NYSE:GE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $221.15.

GE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada upped their target price on GE Aerospace from $220.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th.

GE Aerospace Stock Up 0.3%

Shares of GE traded up $0.85 during midday trading on Monday, reaching $251.73. 4,140,352 shares of the company were exchanged, compared to its average volume of 5,363,688. The stock has a 50-day moving average price of $207.88 and a 200-day moving average price of $195.04. The company has a market cap of $268.44 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $253.06.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. Research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On GE Aerospace

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of GE Aerospace by 0.8% during the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock valued at $18,115,065,000 after purchasing an additional 692,124 shares during the period. FMR LLC increased its stake in GE Aerospace by 1.5% during the 4th quarter. FMR LLC now owns 66,823,968 shares of the company's stock valued at $11,145,570,000 after buying an additional 965,012 shares during the period. Price T Rowe Associates Inc. MD increased its stake in GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock valued at $5,030,028,000 after buying an additional 1,492,486 shares during the period. Geode Capital Management LLC increased its stake in GE Aerospace by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock valued at $3,846,587,000 after buying an additional 529,457 shares during the period. Finally, Norges Bank acquired a new position in GE Aerospace during the 4th quarter valued at about $2,375,439,000. Institutional investors and hedge funds 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.