GE Aerospace (NYSE:GE) Rating Increased to Buy at Wall Street Zen

Key Points

• GE Aerospace has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive investor sentiment.
• In July, multiple brokerages raised their price targets for GE Aerospace, with UBS increasing it from $300.00 to $321.00 and Royal Bank of Canada raising it from $275.00 to $300.00.
• The company reported $1.66 earnings per share for the last quarter, surpassing analysts' expectations and demonstrating a year-over-year revenue increase of 21.2%.

GE Aerospace (NYSE:GE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other brokerages also recently weighed in on GE. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Up 0.0%

NYSE GE opened at $281.67 on Friday. The company has a market capitalization of $298.69 billion, a PE ratio of 39.28, a P/E/G ratio of 3.03 and a beta of 1.48. The company has a fifty day moving average of $269.33 and a 200 day moving average of $233.70. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $286.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during 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 firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

Institutional Trading of GE Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of GE. Brighton Jones LLC grew its stake in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Numerai GP LLC purchased a new stake in GE Aerospace during the 4th quarter valued at about $212,000. Quadcap Wealth Management LLC grew its stake in GE Aerospace by 16.9% during the 4th quarter. Quadcap Wealth Management LLC now owns 2,554 shares of the company's stock valued at $426,000 after acquiring an additional 370 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in GE Aerospace by 12.2% during the 4th quarter. ProShare Advisors LLC now owns 171,373 shares of the company's stock valued at $28,583,000 after acquiring an additional 18,651 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

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.

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