Wolfe Research Boosts GE Aerospace (NYSE:GE) Price Target to $330.00

Key Points

• Wolfe Research has raised the target price for GE Aerospace from $280.00 to $330.00, maintaining an "outperform" rating, which suggests a potential upside of 13.03% from the current stock price.
• Multiple analysts have increased their price targets for GE Aerospace, with estimates ranging from $295.00 to $350.00, reflecting a consensus rating of "Moderate Buy" from fifteen analysts.
• GE Aerospace reported $1.66 EPS in its last quarterly results, exceeding analysts' expectations, with revenues up 21.2% year-over-year, reaching $10.15 billion.

GE Aerospace (NYSE:GE - Get Free Report) had its target price lifted by research analysts at Wolfe Research from $280.00 to $330.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage currently has an "outperform" rating on the stock. Wolfe Research's target price indicates a potential upside of 13.03% from the stock's current price.

A number of other analysts also recently weighed in on GE. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $350.00 price objective on shares of GE Aerospace in a report on Wednesday. Zacks Research lowered shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $264.50.

GE Aerospace Stock Down 2.5%

GE stock opened at $291.96 on Thursday. The stock's 50 day moving average is $283.44 and its 200-day moving average is $247.38. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The firm has a market capitalization of $309.61 billion, a PE ratio of 40.72, a P/E/G ratio of 3.14 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating 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 company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $1.20 earnings per share. GE Aerospace's 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. Sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GE. Bare Financial Services Inc lifted its position in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company's stock worth $25,000 after buying an additional 43 shares in the last quarter. Lavaca Capital LLC raised its holdings in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace during the 1st quarter valued at approximately $28,000. Copia Wealth Management lifted its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in GE Aerospace during the first quarter worth approximately $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

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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