GE Aerospace (NYSE:GE) Downgraded by Wall Street Zen to "Hold"

Key Points

• GE Aerospace was downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen.
• Despite the downgrade, several other analysts have raised their price targets for GE Aerospace, with Barclays increasing its target from $230.00 to $295.00 and Citigroup from $227.00 to $296.00.
• GE Aerospace reported a strong quarterly earnings performance exceeding expectations, with a revenue of $10.15 billion, up 21.2% year-over-year.

GE Aerospace (NYSE:GE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Citigroup restated a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE Aerospace stock traded down $0.89 on Friday, reaching $275.11. 5,037,097 shares of the company were exchanged, compared to its average volume of 4,084,679. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company's 50-day moving average is $263.56 and its two-hundred day moving average is $228.98. The firm has a market cap of $291.74 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 2.96 and a beta of 1.48. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last announced 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. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Terril Brothers Inc. boosted its stake in GE Aerospace by 2.7% during the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company's stock valued at $362,000 after purchasing an additional 37 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake in shares of GE Aerospace by 5.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company's stock worth $199,000 after acquiring an additional 37 shares in the last quarter. Old North State Wealth Management LLC boosted its stake in shares of GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after acquiring an additional 39 shares in the last quarter. Stephens Consulting LLC boosted its stake in shares of GE Aerospace by 18.0% during the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company's stock worth $66,000 after acquiring an additional 39 shares in the last quarter. Finally, Francis Financial Inc. boosted its stake in shares of GE Aerospace by 3.3% during the 2nd quarter. Francis Financial Inc. now owns 1,215 shares of the company's stock worth $313,000 after acquiring an additional 39 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

About GE Aerospace

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.