GE Aerospace (NYSE:GE) Upgraded at Wall Street Zen

Key Points

• GE Aerospace has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive sentiment among analysts regarding the company's prospects.
• Multiple investment firms have raised their price targets for GE Aerospace, with UBS Group setting a target of $366.00 and Royal Bank Of Canada increasing theirs to $340.00.
• In its latest earnings report, GE Aerospace exceeded expectations with a revenue of $11.31 billion and an EPS of $1.66, marking a 26.4% increase compared to the same quarter last year.

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

Several other equities research analysts have also recently commented on GE. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a "buy" rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an "outperform" rating in a research report on Friday, October 17th. TD Cowen lifted their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Tuesday, October 7th. The Goldman Sachs Group lifted their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $284.27.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $303.97 on Friday. The firm's 50 day moving average is $289.19 and its two-hundred day moving average is $254.75. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.53. The firm has a market capitalization of $320.63 billion, a P/E ratio of 40.58, a PEG ratio of 3.18 and a beta of 1.49. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the business earned $1.15 earnings per share. GE Aerospace's revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

Hedge Funds Weigh In On GE Aerospace

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vicus Capital grew its holdings in shares of GE Aerospace by 5.2% during the 3rd quarter. Vicus Capital now owns 3,161 shares of the company's stock valued at $951,000 after acquiring an additional 157 shares in the last quarter. Godsey & Gibb Inc. purchased a new position in shares of GE Aerospace during the 3rd quarter valued at $276,000. MGO One Seven LLC grew its holdings in shares of GE Aerospace by 13.1% during the 3rd quarter. MGO One Seven LLC now owns 48,655 shares of the company's stock valued at $14,636,000 after acquiring an additional 5,641 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of GE Aerospace by 59.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 18,978 shares of the company's stock valued at $5,709,000 after acquiring an additional 7,078 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of GE Aerospace by 1.4% during the 3rd quarter. Meeder Advisory Services Inc. now owns 26,223 shares of the company's stock valued at $7,889,000 after acquiring an additional 365 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.