The Goldman Sachs Group Forecasts Strong Price Appreciation for GE Aerospace (NYSE:GE) Stock

Key Points

• The Goldman Sachs Group has raised its target price for GE Aerospace stock from $271.00 to $305.00, indicating a potential upside of 4.47%.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, surpassing expectations of $1.43, with revenue reaching $10.15 billion, up 21.2% year-over-year.
• The stock currently holds a consensus rating of "Moderate Buy" among analysts, with fifteen providing a Buy rating and two issuing a Hold rating.

GE Aerospace (NYSE:GE - Get Free Report) had its target price lifted by investment analysts at The Goldman Sachs Group from $271.00 to $305.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's target price would indicate a potential upside of 4.47% from the stock's current price.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research note on Wednesday. Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Finally, Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $264.50.

GE Aerospace Stock Down 2.5%

GE opened at $291.96 on Friday. The stock's fifty day simple moving average is $283.44 and its 200 day simple moving average is $247.38. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The stock has a market cap of $309.61 billion, a PE ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. 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 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 firm 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 quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

Institutional Trading of GE Aerospace

A number of institutional investors have recently made changes to their positions in GE. Grove Bank & Trust increased its stake in GE Aerospace by 1.0% during the third quarter. Grove Bank & Trust now owns 3,537 shares of the company's stock worth $1,064,000 after acquiring an additional 35 shares during the last quarter. Perkins Coie Trust Co lifted its stake in shares of GE Aerospace by 7.9% in the third quarter. Perkins Coie Trust Co now owns 492 shares of the company's stock valued at $148,000 after purchasing an additional 36 shares during the period. Terril Brothers Inc. raised its stake in GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company's stock valued at $362,000 after purchasing an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC grew its position in shares of GE Aerospace by 5.0% in the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company's stock valued at $199,000 after purchasing an additional 37 shares during the period. Finally, First Financial Bank Trust Division raised its holdings in GE Aerospace by 0.7% in the third quarter. First Financial Bank Trust Division now owns 5,176 shares of the company's stock valued at $1,557,000 after buying an additional 37 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

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.

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