GE Aerospace (NYSE:GE) Stock Price Expected to Rise, Barclays Analyst Says

GE Aerospace (NYSE:GE - Get Free Report) had its price objective raised by stock analysts at Barclays from $230.00 to $295.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 10.22% from the company's current price.

Several other research analysts also recently commented on GE. Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wells Fargo & Company increased their price target 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. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Performance

GE Aerospace stock traded up $4.48 during trading on Wednesday, hitting $267.66. The stock had a trading volume of 5,203,260 shares, compared to its average volume of 7,849,927. The stock has a market cap of $283.83 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 3.01 and a beta of 1.37. The stock's 50 day moving average is $246.81 and its two-hundred day moving average is $213.67. The company has a quick ratio of 0.73, a current ratio of 1.04 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 $272.80.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. As a group, analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president owned 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Institutional Trading of GE Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of GE. Old North State Wealth Management LLC increased its position in GE Aerospace by 1.9% during the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after buying an additional 39 shares in the last quarter. Webster Bank N. A. raised its position in shares of GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after buying an additional 41 shares during the last quarter. Pacific Sage Partners LLC raised its position in shares of GE Aerospace by 3.5% in the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock valued at $314,000 after buying an additional 41 shares during the last quarter. Ascent Capital Management LLC raised its position in shares of GE Aerospace by 1.9% in the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock valued at $585,000 after buying an additional 42 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its position in shares of GE Aerospace by 1.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after buying an additional 43 shares during the last quarter. 74.77% of the stock is currently 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.