At the time of writing, GE Aerospace [GE] stock is trading at $156.30, up 6.05%. 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 11.65% over the last week, with a monthly amount glided 22.87%, and seem to be holding up well over a long-time horizon.
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On 5, April 2024, GE Aerospace Board of Directors Authorizes Regular Quarterly Dividend. In a post published today on Yahoo Finance, The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable April 25, 2024, to shareholders of record at the close of business on April 15, 2024. The ex-dividend date is April 12, 2024.
From an analyst’s perspective:
GE Aerospace [NYSE: GE] stock has seen the most recent analyst activity on April 04, 2024, when Vertical Research initiated its Buy rating and assigned the stock a price target of $160. Previously, Wells Fargo reaffirmed its Overweight rating on March 27, 2024, and elevated its price target to $200. On March 08, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $180 on the stock. Wells Fargo upgraded its rating to a Overweight and raised its price target to $144 on December 15, 2023. In a note dated September 28, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $141 on this stock.
For the past year, the stock price of GE Aerospace fluctuated between $74.55 and $151.99. Currently, Wall Street analysts expect the stock to reach $127.71 within the next 12 months. GE Aerospace [NYSE: GE] shares were valued at $156.30 at the most recent close of the market. An investor can expect a potential drop of -18.29% based on the average GE price forecast.
Analyzing the GE fundamentals
According to GE Aerospace [NYSE:GE], the company’s sales were 67.95B for trailing twelve months, which represents an -10.96% plunge. 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 151.06 points at the first support level, and at 145.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.00, and for the 2nd resistance point, it is at 161.71.
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 is important to note that GE Aerospace [NYSE:GE] has a current ratio of 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 2.51, the price to book ratio is 6.21 and price to earnings (TTM) ratio is 18.70.
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.
