UBS Group Forecasts Strong Price Appreciation for GE Aerospace (NYSE:GE) Stock

GE Aerospace (NYSE:GE - Get Free Report) had its target price lifted by UBS Group from $207.00 to $216.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 8.79% from the company's previous close.

A number of other research firms also recently weighed in on GE. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $203.00 to $212.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of GE Aerospace in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Trading Up 0.6 %

GE stock traded up $1.14 during trading on Wednesday, reaching $198.55. The company had a trading volume of 4,390,590 shares, compared to its average volume of 5,397,810. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21. The business has a 50 day moving average of $194.36 and a 200 day moving average of $186.67. The company has a market cap of $213.10 billion, a P/E ratio of 33.15, a PEG ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Institutional Trading of GE Aerospace

Several large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of GE Aerospace during the 3rd quarter valued at $3,400,000. Westside Investment Management Inc. raised its stake in shares of GE Aerospace by 6.0% in the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the company's stock worth $235,000 after buying an additional 70 shares during the period. Diamant Asset Management Inc. lifted its position in shares of GE Aerospace by 2.7% during the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the company's stock valued at $1,150,000 after buying an additional 158 shares in the last quarter. Morse Asset Management Inc grew its stake in shares of GE Aerospace by 30.2% during the 3rd quarter. Morse Asset Management Inc now owns 18,616 shares of the company's stock valued at $3,511,000 after acquiring an additional 4,320 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in GE Aerospace by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the company's stock valued at $2,308,000 after purchasing an additional 232 shares in the last quarter. 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.