GE Aerospace (NYSE:GE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• GE Aerospace has received a consensus rating of "Moderate Buy" from analysts, with twelve out of fourteen recommending a buy.
• The company's recent earnings reported a 21.2% year-over-year increase in quarterly revenue, reaching $10.15 billion, exceeding analyst expectations.
• GE Aerospace announced a quarterly dividend of $0.36 per share, with a dividend yield of 0.5% and a payout ratio of 20.08%.

Shares of GE Aerospace (NYSE:GE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $241.9231.

Several research firms recently commented on GE. Citigroup reaffirmed a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Jefferies Financial Group increased their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Zacks Research cut GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th.

Institutional Investors Weigh In On GE Aerospace

Several institutional investors have recently modified their holdings of GE. Ameriflex Group Inc. lifted its holdings in GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock valued at $437,000 after acquiring an additional 331 shares during the period. Smartleaf Asset Management LLC lifted its holdings in GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after acquiring an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. bought a new position in GE Aerospace in the first quarter valued at about $203,000. Concurrent Investment Advisors LLC lifted its holdings in GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after acquiring an additional 8,245 shares during the period. Finally, Global Assets Advisory LLC lifted its holdings in GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after acquiring an additional 9,580 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 0.7%

NYSE GE opened at $297.40 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The stock has a market cap of $315.38 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.20 and a beta of 1.49. The stock's fifty day moving average price is $280.65 and its 200-day moving average price is $244.21. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The company's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

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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