GE Aerospace [GE] stock prices are up 6.70% to $145.62 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GE shares have gain 5.21% over the last week, with a monthly amount glided 13.40%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 2, April 2024, GE Aerospace Launches as Independent, Investment-Grade Public Company Following Completion of GE Vernova Spin-Off. In a post published today on Yahoo Finance, GE Aerospace launches as an independent public company defining the future of flight.
From an analyst’s perspective:
GE Aerospace [NYSE: GE] stock has seen the most recent analyst activity on March 27, 2024, when Wells Fargo reiterated its Overweight rating and also boosted its price target to $200 from $177. Previously, JP Morgan upgraded its rating to Overweight on March 08, 2024, and elevated its price target to $180. Wells Fargo upgraded its rating to a Overweight and increased its price target to $144 on December 15, 2023. Deutsche Bank started tracking with a Buy rating for this stock on September 28, 2023, and assigned it a price target of $141. In a note dated July 31, 2023, Oppenheimer downgraded an Perform rating on this stock.
The stock price of GE Aerospace [GE] has been fluctuating between $74.55 and $144.51 over the past year. Currently, Wall Street analysts expect the stock to reach $125.06 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $145.62 at the most recent close of the market. An investor can expect a potential drop of -14.12% based on the average GE price forecast.
Analyzing the GE fundamentals
The GE Aerospace [NYSE:GE] reported sales of 67.95B for trailing twelve months, representing a drop of -10.96%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.37 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 139.77 points at the first support level, and at 133.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 149.70, and for the 2nd resistance point, it is at 153.78.
GE Aerospace [GE] reported earnings per share of $1.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.91/share, meaning a difference of $0.12 and a surprise factor of 13.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.82 per share as compared to estimates of $0.56 per share, a difference of $0.26 representing a surprise of 46.40%.
Ratios To Look Out For
It’s worth pointing out that GE Aerospace [NYSE:GE]’s Current Ratio is 1.18. In addition, the Quick Ratio stands at 0.85 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 5.79 and price to earnings (TTM) ratio is 17.42.
Transactions by insiders
Recent insider trading involved Holston Michael J, Senior Vice President, that happened on Feb 14 ’24 when 22055.0 shares were sold. Senior Vice President, Holston Michael J completed a deal on Feb 02 ’24 to sell 13601.0 shares. Meanwhile, Senior Vice President Holston Michael J sold 0.11 million shares on Jul 27 ’23.
