Jefferies Financial Group Issues Positive Forecast for GE Aerospace (NYSE:GE) Stock Price

Key Points

• Jefferies Financial Group raised its price target for GE Aerospace stock from $320.00 to $350.00, suggesting a potential upside of 17.5% from its current price.
• The stock has received multiple price target increases from various analysts, with Barclays setting it at $295.00 and Citigroup at $296.00, while the overall analyst rating remains a "Moderate Buy."
• GE Aerospace's recent quarterly earnings showed a strong performance, reporting $1.66 EPS, exceeding estimates, and a revenue of $10.15 billion, which is a 21.2% year-over-year increase.

GE Aerospace (NYSE:GE - Free Report) had its target price hoisted by Jefferies Financial Group from $320.00 to $350.00 in a research note published on Monday morning,MarketScreener reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on GE. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup restated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Price Performance

Shares of GE traded down $0.23 during midday trading on Monday, reaching $300.91. The stock had a trading volume of 4,191,736 shares, compared to its average volume of 4,173,121. The company's 50-day moving average is $274.39 and its 200 day moving average is $238.13. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $303.03. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $319.09 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (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 during the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the business earned $1.20 EPS. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. 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 is currently 20.08%.

Institutional Trading of GE Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GatePass Capital LLC grew its stake in shares of GE Aerospace by 23.4% in the 2nd quarter. GatePass Capital LLC now owns 1,681 shares of the company's stock worth $433,000 after buying an additional 319 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of GE Aerospace in the 2nd quarter worth approximately $1,122,000. Valeo Financial Advisors LLC grew its stake in shares of GE Aerospace by 3.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 21,125 shares of the company's stock worth $5,437,000 after buying an additional 776 shares during the last quarter. Milestones Private Investment Advisors LLC purchased a new stake in shares of GE Aerospace in the 2nd quarter worth approximately $238,000. Finally, V. M. Manning & CO. Inc. purchased a new stake in shares of GE Aerospace in the 2nd quarter worth approximately $2,146,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

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.